Long

Gary

Read

<ul>
 <li>XRP’s price dropped below $0.40, hitting $0.38—the lowest in over a year.</li>
 <li>The decline mirrors broader market trends affecting Bitcoin and Ethereum.</li>
 <li>While some signs of recovery exist, market volatility and upcoming court dates add uncertainty.</li>
</ul>
<a href="https://cryptonewsland.com/xrp-price-bounces-back-despite-a-bearish-macro-finance-week-new-ath-soon/" rel="noopener noreferrer nofollow">XRP’s </a><a href="https://cryptonewsland.com/xrp-price-bounces-back-despite-a-bearish-macro-finance-week-new-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">price</a> has plummeted below the $0.40 mark in the past few hours. This saw XRP reaching $0.38 — the lowest price in over a year. This intense dumping mirrored the broader market trend that affected Bitcoin and Ethereum as well. The technical charts reveal a challenging road ahead for XRP.&nbsp;
Currently, XRP’s price hovers below the 100-hourly Simple <a href="https://www.babypips.com/learn/forex/silky-smooth-moving-averages" rel="noopener noreferrer nofollow">Moving </a><a href="https://www.babypips.com/learn/forex/silky-smooth-moving-averages" target="_blank" rel="noopener noreferrer nofollow">Average</a> and the critical support zone around $0.4150. A bearish trend line has formed, further limiting potential upside moves. There was some resistance near the $0.4050 zone as bulls tried to push the price of XRP higher. They nearly successfully overpowered the buyers leading to a fresh downturn.&nbsp;
Bears pushed the price below the $0.4240 support and took control. Eventually, the price significantly dipped&nbsp; and found support at $0.3826. Meanwhile, the overall market sentiment is bearish although there are minor signs of recovery above the $0.3920 resistance zone. $0.4220 and $0.4380 are now the next key resistance zones to watch.&nbsp;
A strong push above $0.4220 could push Ripple’s <a href="https://ripple.com/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> to $0.4450. However, if XRP struggles to surpass the $0.4150 barrier, the downward trend might persist. The initial support is around $0.390, with a more critical level at $0.3850.
This situation is reminiscent of XRP’s previous dip below $0.40 in February 2021, during the <a href="https://cryptonewsland.com/sec-vs-ripple-battle-reaches-penultimate-conclusion-settlement-in-millions/" rel="noopener noreferrer nofollow">SEC lawsuit against </a><a href="https://cryptonewsland.com/sec-vs-ripple-battle-reaches-penultimate-conclusion-settlement-in-millions/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a><a href="https://cryptonewsland.com/sec-vs-ripple-battle-reaches-penultimate-conclusion-settlement-in-millions/" rel="noopener noreferrer nofollow"> Labs</a>. With market conditions still uncertain, investors are keeping a close eye on XRP’s performance as Ripple’s next court date approaches.
Mean, XRP holders are optimistic of a rebound. However, the road to recovery is filled with challenges, and the market’s volatility only adds to the uncertainty.
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/hulk-meme-coin-crashes-wwe-star-hulk-hogan-devastated-as-hulk-tanks-by-17-million-in-hours/" rel="noopener noreferrer nofollow">HULK Meme Coin Crashes, WWE Star Hulk Hogan Devastated as HULK Tanks by $17 Million in Hours</a></li>
 <li><a href="https://cryptonewsland.com/?p=147982" rel="noopener noreferrer nofollow">XRP Price on Route to $27, How Long Will the XRP Army Wait?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-army-recognises-gary-genslers-last-shot-at-revenge/" rel="noopener noreferrer nofollow">XRP Army Recognises Gary Gensler’s Last Shot at Revenge</a></li>
 <li><a href="https://cryptonewsland.com/xrp-army-anticipates-massive-surge-as-price-predictions-soar-55x/" rel="noopener noreferrer nofollow">XRP Army Anticipates Massive Surge as Price Predictions Soar 55X</a></li>
 <li><a href="https://cryptonewsland.com/impending-kaboom-awaits-xrp-army-analysts-explain-whats-next-for-the-asset-9-loading/" rel="noopener noreferrer nofollow">Impending Kaboom Awaits XRP Army, Analysts Explain What’s Next for the Asset, $9 Loading?</a></li>
</ul>
The post <a href="https://cryptonewsland.com/xrp-dips-to-under-0-40/" rel="noopener noreferrer nofollow">XRP Dips to Under $0.40 Setting a New One-Year Low, XRP Army Devastated</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

XRP Dips to Under $0.40 Setting a New One-Year Low, XRP Army Devastated

Crypto News Land

Outros artigos publicados em 5 de jul. de 2024

Rapid and Cost-Effective Token Bulk Transactions

Top Altcoin Airdrops July 2024

Pepe Price Prediction: PEPE Plunges 14% In Crypto Crash As Experts Say Buy The Dip With Sheltered...

Bitcoin Faces Critical Support Levels

MoonBag’s Upcoming Listing on LBank Confirmed For October 11, 2024: Get Ready for Unmatched Gains!

Robert Kiyosaki Prediksi Crash Besar dan Kebangkitan Harga BTC ke US$10 Juta

Join our free newsletter for daily crypto updates!