Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-price-struggles-to-overcome-key-resistance-levels/" data-wpel-link="internal">XRP Price Struggles to Overcome Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/crypto-analyst-foresees-decline-in-bitcoin-growth-in-ripples-xrp/" data-wpel-link="internal">XRP</a></strong> is currently battling to surpass the $0.5140 resistance level. For a new attempt at a price increase in the near term, it is crucial for the price to firmly hold above the $0.4550 support. However, the price is now trading below $0.50. On the 4-hour chart of the XRP/USD pair, a significant downtrend line is forming at the $0.5140 resistance level. Thus, if the pair closes below the $0.4550 support, the downward momentum could increase.</p> 
<h2 style="text-align: justify" id="xrp-turns-red">XRP Turns Red</h2> 
<p style="text-align: justify">After a steady rise, XRP price struggled to surpass the $0.6420 resistance. Influenced by leading cryptocurrencies like <a href="https://coin-turk.com/bitcoin-ve-altcoinler-yorum-23-nisan-kripto-paralarda-son-durum" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/on-chain-verilerine-gore-ethereum-one-cikmaya-devam-ediyor-altcoin-krali-ve-etf-iddialari" data-wpel-link="internal">Ethereum</a>, there was a decline below the $0.600 support. This decline manifested itself with a sharp movement below the $0.500 level.</p> 
<p style="text-align: justify">During the harsh drop over the weekend, the price fell to the $0.3880 area and recorded a low around $0.3875. However, after this low, a recovery wave began, and the price moved upwards again. Movements above the $0.40 and $0.450 levels were observed.</p> 
<h2 style="text-align: justify" id="critical-levels-for-bulls">Critical Levels for Bulls</h2> 
<p style="text-align: justify">Currently, as the price is trading below $0.50, the $0.51 level has become a key resistance. Surpassing this level could make $0.54 the first target. A close above the $0.540 resistance area could lead to a strong rise. The next key resistance is around $0.600.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-341045 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/xrp-coin-turk-com-1-2.png" alt="" width="1836" height="804"></p> 
<p style="text-align: justify">If bulls successfully move above the $0.600 resistance level, a rise towards the $0.6240 resistance can be expected. Further gains could push the price towards the $0.700 resistance.</p> 
<h2 style="text-align: justify" id="downward-wave-could-hurt-xrp-investors">Downward Wave Could Hurt XRP Investors</h2> 
<p style="text-align: justify">If XRP fails to surpass the $0.5440 resistance area, another downward trend could begin. Currently, the first support point downwards is around $0.480. However, a more significant drop could make the $0.4550 level crucial. If a break below this level occurs and prices close below it, XRP’s value loss could accelerate. In this scenario, prices could retest the $0.420 support area.</p> 
<p style="text-align: justify">Looking at technical indicators, the 4-hour MACD indicator for the XRP/USD pair is slowing down in the bearish zone. Similarly, the 4-hour RSI (Relative Strength Index) is also below the 50 level, indicating that selling pressure could increase.</p> 
<p style="text-align: justify">Key support levels for XRP are set at $0.480, $0.4550, and $0.420, while resistance levels are being monitored at $0.5140, $0.5440, and $0.600.</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/xrp-price-struggles-to-overcome-key-resistance-levels/" data-wpel-link="internal">XRP Price Struggles to Overcome Key Resistance Levels</a></h5>

XRP Price Struggles to Overcome Key Resistance Levels

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