Token

Test

<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-at-risk-of-a-major-breakdown-will-it-drop-below-0-5-soon/">XRP Price At Risk Of A Major Breakdown! Will It Drop Below $0.5 Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Despite the crypto market constantly treading under a significant bullish sentiment, the XRP token has recorded a correction of approximately 2% in valuation within the past 24 hours, indicating a bearish sentiment for this altcoin in the market.</p> 
<p>However, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> has added 6% over the past week, highlighting a positive uptrend from the long-term perspective. With the current market sentiments, investors are concerned that Will XRP price reach $1 this year?</p> 
<h2 class="wp-block-heading" id="h-ripple-s-xrp-token-fails-to-test-its-upper-level">Ripple’s XRP Token Fails To Test Its Upper Level!</h2> 
<p>The XRP coin price displayed a neutral trend by trading between $0.5141 and $0.5385 for a brief period. As the volatility increased, the Ripple token displayed a jump of 5.86% on the 14th.</p> 
<p>After this, the price faced rejection at $0.5558, following which it traded sideways for a while. The XRP bulls displayed a neutral trend for a while, after which the bulls regained momentum and jumped approximately 7% in valuation.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/d2do7gvYrQ6vAsmNyGWG2uEMFHGlZy3IiN_XkRb1IClYwwwSWm1I03yMsGrVNU-v7qN_kLc6cuy5tHPjTxaskakoh2vPHEu8X_QkBz2lJ_UYKrEmXaPeMNapKomfUm9AWCDVW5Na_p_PoAw5sCRsr2w" alt="XRP Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure> 
<p>After facing rejection at $0.580, the price started trading under a bearish influence and erased all its gains from the pump. Recently, the bulls attempted a breakout, but the altcoin faced rejection at $0.5691 and since then it has been trading in a closed range.</p> 
<p>Currently, the XRP price is on the verge of testing its support level, the outcome of which is unpredictable. Positively, the Cross EMA 50-day acts as a support to the price, indicating a high possibility of a trend reversal in the coming time.</p> 
<h2 class="wp-block-heading" id="h-will-xrp-price-increase">Will XRP Price Increase?</h2> 
<p>The technical indicator, RSI, displays a constant decline in the chart with its average recording a neutral trend, highlighting a bearish influence in the crypto space.</p> 
<p>If the market holds the price above the support level of $0.5558, the bulls will attempt a retest to its upper resistance level of $0.5836 this month. However, a rise in the bearish sentiment could lead the price to test its lower limit of $0.5385 in the upcoming time.</p>

XRP Price At Risk Of A Major Breakdown! Will It Drop Below $0.5 Soon?

目錄

CoinPedia News

在 2024年2月21日發表的其他文章

Bitcoin ETF trading hits peak levels since launch – What’s next?

The ICP Whale Moves Big into DeeStream as ETH Traders Follow Suit for Big Gains

Pushd (PUSHD) Marketplace Ignites 20x Gains as Solana (SOL) & Polygon (MATIC) Holder Get in Early

Stablecoin USDC bids adieu to Tron network – Why?

Winklevoss Twins Invest in Political Action Committee Favoring Cryptocurrency

Ethereum Price Surpasses $3,000 Resistance Level

訂閱免費電子報，每天收取加密貨幣最新動態！