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  • mantle-staked-etherMantle Staked Ether (METH) $ 3,759.96
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  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,634.01
  • akash-networkAkash Network (AKT) $ 3.36
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  • msolMarinade Staked SOL (MSOL) $ 178.66
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  • fasttokenFasttoken (FTN) $ 2.22
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  • heliumHelium (HNT) $ 3.41
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  • magaMAGA (TRUMP) $ 11.91
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  • illuviumIlluvium (ILV) $ 80.47
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  • bitcoin-goldBitcoin Gold (BTG) $ 28.36
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  • corgiaiCorgiAI (CORGIAI) $ 0.001377
  • stader-ethxStader ETHx (ETHX) $ 3,744.66
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • ether-fiEther.fi (ETHFI) $ 4.04
  • raydiumRaydium (RAY) $ 1.75
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • astarAstar (ASTR) $ 0.079168
  • arkhamArkham (ARKM) $ 1.90
  • memecoin-2Memecoin (MEME) $ 0.021529
  • pax-goldPAX Gold (PAXG) $ 2,328.33
  • golemGolem (GLM) $ 0.431006
  • apenftAPENFT (NFT) $ 0.00000044
  • polymeshPolymesh (POLYX) $ 0.401933
  • aerodrome-financeAerodrome Finance (AERO) $ 0.855834
  • curve-dao-tokenCurve DAO (CRV) $ 0.333074
  • manta-networkManta Network (MANTA) $ 1.29
  • paypal-usdPayPal USD (PYUSD) $ 0.998776
  • compound-ethercETH (CETH) $ 73.04
  • ocean-protocolOcean Protocol (OCEAN) $ 0.635999
  • dydxdYdX (ETHDYDX) $ 1.54
  • stepnGMT (GMT) $ 0.194720
  • echelon-primeEchelon Prime (PRIME) $ 9.99
  • usdbUSDB (USDB) $ 1.00
  • osmosisOsmosis (OSMO) $ 0.609585
  • kusamaKusama (KSM) $ 26.81
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.35
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • biconomyBiconomy (BICO) $ 0.474558
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  • mx-tokenMX (MX) $ 3.83
  • safepalSafePal (SFP) $ 0.812907
  • compound-governance-tokenCompound (COMP) $ 54.14
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  • zilliqaZilliqa (ZIL) $ 0.019811
  • radixRadix (XRD) $ 0.035033
  • superfarmSuperVerse (SUPER) $ 0.806681
  • dymensionDymension (DYM) $ 2.06
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  • terra-luna-2Terra (LUNA) $ 0.521808
  • jito-governance-tokenJito (JTO) $ 2.90
  • 0x0x Protocol (ZRX) $ 0.415888
  • ankrAnkr Network (ANKR) $ 0.035197
  • altlayerAltLayer (ALT) $ 0.231387

XRP Price Struggle Continues: Will It Find Support?

0 17

XRP price extended losses below the $0.5120 support zone. It tested the $0.5080 zone and now attempting another recovery wave toward $0.5350.

  • XRP is struggling to start a fresh increase above the $0.5250 resistance zone.
  • The price is now trading below $0.5150 and the 100-hourly Simple Moving Average.
  • There is a key bearish trend line forming with resistance near $0.5180 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if the price stays below $0.5250.

XRP Price Extends Losses

XRP price remained in a short-term bearish zone like Bitcoin and Ethereum. The price struggled to start a recovery wave and extended losses below the $0.5220 support zone.

It even declined below the $0.5120 support. A low was formed at $0.5080 and the price is now attempting a fresh recovery wave. There was a move above the $0.5120 level. The price climbed above the 23.6% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5080 low.

However, the price is still trading below $0.520 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5180 level. There is also a key bearish trend line forming with resistance near $0.5180 on the hourly chart of the XRP/USD pair.

The first key resistance is near $0.5250 or the 50% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5080 low. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320.

XRP Price Struggle Continues: Will It Find Support?

If there is a close above the $0.5320 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance.

More Downsides?

If XRP fails to clear the $0.5180 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5120 level.

The next major support is at $0.5080. If there is a downside break and a close below the $0.5080 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.5120 and $0.5080.

Major Resistance Levels – $0.5180 and $0.5250.

Source

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