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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-faces-challenges-as-xrp-investors-grow-concerned/" data-wpel-link="internal">Ripple Faces Challenges as XRP Investors Grow Concerned</a><br></p>
<p style="text-align: justify"><strong>Ripple</strong> and the SEC’s legal process is slowly coming to an end, but the inability to surpass the critical resistance in XRP’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> raises questions. Nevertheless, recent developments show that XRP has experienced a recovery wave from the $0.4865 support level. This situation is closely monitored by many <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>.</p> 
<h2 style="text-align: justify" id="0-50-is-crucial-for-xrp">$0.50 is Crucial for XRP</h2> 
<p style="text-align: justify">XRP’s inability to surpass $0.500 is seen as a negative sign by many investors. Currently, the price is trading at $0.5050 and is above the 100-hour Simple Moving Average. This indicates that <strong>XRP</strong> might enter a potential upward trend.</p> 
<p style="text-align: justify">In <a href="https://en.coin-turk.com/investors-eye-strong-altcoin-performers-as-bull-season-approaches/" data-wpel-link="internal">technical analysis</a>, a significant indicator is the hourly chart of the <strong>XRP/USD</strong> pair, where a breakout above the major downtrend line at $0.5025 resistance occurred. This shows a positive sentiment in the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a>. However, it should be noted that this positive sentiment did not last long. Specifically, it is stated that if a close above the $0.5120 resistance occurs, XRP could start a significant increase.</p> 
<p style="text-align: justify">However, it is important to remember that there are still some resistance levels in the market. The immediate resistance is shown at $0.5085. Additionally, the first key resistance is around $0.5120. A close above this level could be a strong bullish signal for XRP.</p> 
<h2 style="text-align: justify" id="if-xrp-moves-downward">If XRP Moves Downward</h2> 
<p style="text-align: justify">The cryptocurrency <strong>XRP</strong> seems to be struggling to surpass resistance levels recently. If it fails to pass the critical resistance area of $0.5120, a new downward trend might begin for XRP. Currently, the 100-hour Simple Moving Average near the $0.4950 level is noted as the first support level on the downside.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-351100 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/xrp-usdt-1.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">If the price falls below these levels and closes below $0.49, further declines for XRP could become likely. In this scenario, the price is expected to retest the $0.4865 support area.</p> 
<h2 style="text-align: justify" id="what-do-technical-indicators-say">What Do Technical Indicators Say?</h2> 
<p style="text-align: justify">Looking at technical indicators, the 4-hour MACD continues to gain momentum in the bullish zone for XRP/USD. Similarly, the 4-hour RSI (Relative Strength Index) is above the 50 level, indicating short-term strengthening.</p> 
<p style="text-align: justify">The main support levels remain at $0.4950 and $0.4865, while resistance levels are shown at $0.5120 and $0.5220.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripple-faces-challenges-as-xrp-investors-grow-concerned/" data-wpel-link="internal">Ripple Faces Challenges as XRP Investors Grow Concerned</a></h5>

Ripple Faces Challenges as XRP Investors Grow Concerned

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