• bitcoinBitcoin (BTC) $ 62,566.00
  • ethereumEthereum (ETH) $ 2,448.13
  • tetherTether (USDT) $ 0.999352
  • bnbBNB (BNB) $ 570.84
  • solanaSolana (SOL) $ 147.78
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.528801
  • staked-etherLido Staked Ether (STETH) $ 2,445.43
  • dogecoinDogecoin (DOGE) $ 0.109677
  • tronTRON (TRX) $ 0.162420
  • the-open-networkToncoin (TON) $ 5.16
  • cardanoCardano (ADA) $ 0.343834
  • avalanche-2Avalanche (AVAX) $ 28.99
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-stethWrapped stETH (WSTETH) $ 2,896.62
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,370.00
  • wethWETH (WETH) $ 2,448.76
  • chainlinkChainlink (LINK) $ 10.63
  • bitcoin-cashBitcoin Cash (BCH) $ 320.72
  • suiSui (SUI) $ 2.23
  • daiDai (DAI) $ 1.00
  • polkadotPolkadot (DOT) $ 4.15
  • uniswapUniswap (UNI) $ 7.63
  • nearNEAR Protocol (NEAR) $ 4.65
  • leo-tokenLEO Token (LEO) $ 6.05
  • aptosAptos (APT) $ 10.16
  • litecoinLitecoin (LTC) $ 64.29
  • bittensorBittensor (TAO) $ 649.84
  • wrapped-eethWrapped eETH (WEETH) $ 2,570.55
  • pepePepe (PEPE) $ 0.000010
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.43
  • internet-computerInternet Computer (ICP) $ 7.83
  • kaspaKaspa (KAS) $ 0.131864
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998215
  • moneroMonero (XMR) $ 150.69
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.363965
  • ethereum-classicEthereum Classic (ETC) $ 18.41
  • stellarStellar (XLM) $ 0.089970
  • dogwifcoindogwifhat (WIF) $ 2.61
  • blockstackStacks (STX) $ 1.71
  • okbOKB (OKB) $ 41.40
  • immutable-xImmutable (IMX) $ 1.49
  • ethena-usdeEthena USDe (USDE) $ 0.998661
  • aaveAave (AAVE) $ 154.28
  • whitebitWhiteBIT Coin (WBT) $ 15.28
  • optimismOptimism (OP) $ 1.70
  • render-tokenRender (RENDER) $ 5.37
  • filecoinFilecoin (FIL) $ 3.54
  • crypto-com-chainCronos (CRO) $ 0.075652
  • injective-protocolInjective (INJ) $ 20.22
  • mantleMantle (MNT) $ 0.599858
  • hedera-hashgraphHedera (HBAR) $ 0.050548
  • arbitrumArbitrum (ARB) $ 0.520460
  • fantomFantom (FTM) $ 0.664019
  • vechainVeChain (VET) $ 0.022127
  • sei-networkSei (SEI) $ 0.484184
  • cosmosCosmos Hub (ATOM) $ 4.31
  • thorchainTHORChain (RUNE) $ 4.79
  • the-graphThe Graph (GRT) $ 0.164204
  • bitget-tokenBitget Token (BGB) $ 1.09
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,446.23
  • bonkBonk (BONK) $ 0.000021
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,738.83
  • flokiFLOKI (FLOKI) $ 0.000135
  • popcatPopcat (POPCAT) $ 1.33
  • celestiaCelestia (TIA) $ 6.06
  • theta-tokenTheta Network (THETA) $ 1.27
  • arweaveArweave (AR) $ 18.98
  • mantra-daoMANTRA (OM) $ 1.45
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,558.08
  • gatechain-tokenGate (GT) $ 9.16
  • pyth-networkPyth Network (PYTH) $ 0.321028
  • makerMaker (MKR) $ 1,323.90
  • worldcoin-wldWorldcoin (WLD) $ 2.17
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 62,412.00
  • based-brettBrett (BRETT) $ 0.109523
  • jupiter-exchange-solanaJupiter (JUP) $ 0.793651
  • heliumHelium (HNT) $ 6.19
  • ondo-financeOndo (ONDO) $ 0.708827
  • algorandAlgorand (ALGO) $ 0.120019
  • matic-networkPolygon (MATIC) $ 0.364155
  • kucoin-sharesKuCoin (KCS) $ 8.11
  • ethenaEthena (ENA) $ 0.349846
  • quant-networkQuant (QNT) $ 64.73
  • lido-daoLido DAO (LDO) $ 1.04
  • jasmycoinJasmyCoin (JASMY) $ 0.018749
  • bitcoin-svBitcoin SV (BSV) $ 44.74
  • aerodrome-financeAerodrome Finance (AERO) $ 1.34
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • galaGALA (GALA) $ 0.021700
  • fasttokenFasttoken (FTN) $ 2.56
  • spx6900SPX6900 (SPX) $ 0.897546
  • coredaoorgCore (CORE) $ 0.910727
  • neiro-3Neiro (NEIRO) $ 0.001976
  • flowFlow (FLOW) $ 0.536618
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,446.30
  • wormholeWormhole (W) $ 0.304885
  • starknetStarknet (STRK) $ 0.418140
  • notcoinNotcoin (NOT) $ 0.007896
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,500.80
  • beam-2Beam (BEAM) $ 0.015020
  • msolMarinade Staked SOL (MSOL) $ 180.66
  • conflux-tokenConflux (CFX) $ 0.167219
  • usddUSDD (USDD) $ 0.997805
  • mog-coinMog Coin (MOG) $ 0.000002
  • klay-tokenKlaytn (KLAY) $ 0.127300
  • ordinalsORDI (ORDI) $ 34.94
  • elrond-erd-2MultiversX (EGLD) $ 26.52
  • neoNEO (NEO) $ 10.30
  • flare-networksFlare (FLR) $ 0.014433
  • eosEOS (EOS) $ 0.467353
  • axie-infinityAxie Infinity (AXS) $ 4.63
  • mina-protocolMina Protocol (MINA) $ 0.596379
  • chilizChiliz (CHZ) $ 0.075547
  • tezosTezos (XTZ) $ 0.685424
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.55
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • nervos-networkNervos Network (CKB) $ 0.014893
  • ecasheCash (XEC) $ 0.000034
  • eigenlayerEigenlayer (EIGEN) $ 3.54
  • tether-goldTether Gold (XAUT) $ 2,645.88
  • fraxFrax (FRAX) $ 0.997022
  • pendlePendle (PENDLE) $ 4.01
  • axelarAxelar (AXL) $ 0.783912
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 62,474.00
  • the-sandboxThe Sandbox (SAND) $ 0.259943
  • akash-networkAkash Network (AKT) $ 2.43
  • turboTurbo (TURBO) $ 0.008715
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,510.65
  • dydx-chaindYdX (DYDX) $ 0.922192
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006677
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • aleoALEO (ALEO) $ 2.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.85
  • roninRonin (RON) $ 1.58
  • superfarmSuperVerse (SUPER) $ 1.23
  • nexoNEXO (NEXO) $ 0.985702
  • decentralandDecentraland (MANA) $ 0.292862
  • book-of-memeBOOK OF MEME (BOME) $ 0.007865
  • zcashZcash (ZEC) $ 35.52
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.005354
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 62,355.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,447.73
  • pax-goldPAX Gold (PAXG) $ 2,665.17
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,448.07
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 154.31
  • beldexBeldex (BDX) $ 0.075925
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.81
  • aioz-networkAIOZ Network (AIOZ) $ 0.444957
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,648.30
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000087
  • true-usdTrueUSD (TUSD) $ 0.997550
  • arkhamArkham (ARKM) $ 1.76
  • dexeDeXe (DEXE) $ 8.52
  • blurBlur (BLUR) $ 0.250373
  • apecoinApeCoin (APE) $ 0.719867
  • raydiumRaydium (RAY) $ 1.82
  • zksyncZKsync (ZK) $ 0.129210
  • havvenSynthetix Network (SNX) $ 1.44
  • gigachad-2Gigachad (GIGA) $ 0.048461
  • oasis-networkOasis (ROSE) $ 0.069699
  • safeSafe (SAFE) $ 0.951704
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • gnosisGnosis (GNO) $ 173.85
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999388
  • layerzeroLayerZero (ZRO) $ 3.93
  • astarAstar (ASTR) $ 0.059239
  • celoCelo (CELO) $ 0.791870
  • iotaIOTA (IOTA) $ 0.124217
  • livepeerLivepeer (LPT) $ 12.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.028194
  • frax-etherFrax Ether (FRXETH) $ 2,447.41
  • metaplexMetaplex (MPLX) $ 0.422327
  • dydxdYdX (ETHDYDX) $ 0.921605
  • apenftAPENFT (NFT) $ 0.00000042
  • usdbUSDB (USDB) $ 0.999869
  • dogs-2Dogs (DOGS) $ 0.000784
  • theta-fuelTheta Fuel (TFUEL) $ 0.060187
  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,451.17
  • super-oethSuper OETH (SUPEROETHB) $ 2,450.67
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 62,591.00
  • compound-governance-tokenCompound (COMP) $ 44.23
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.076372
  • bitcoin-goldBitcoin Gold (BTG) $ 21.71
  • echelon-primeEchelon Prime (PRIME) $ 7.91
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.05
  • iotexIoTeX (IOTX) $ 0.039737
  • stepnGMT (GMT) $ 0.128108
  • osmosisOsmosis (OSMO) $ 0.539835
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999019
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.42
  • kavaKava (KAVA) $ 0.338927
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,446.21
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 62,641.00
  • dymensionDymension (DYM) $ 1.69
  • safepalSafePal (SFP) $ 0.704198
  • harrypotterobamasonic10inHarryPotterObamaSonic10Inu (ETH) (BITCOIN) $ 0.341160
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006441
  • wemix-tokenWEMIX (WEMIX) $ 0.799179

XRP Price Trapped In Consolidation: Will Bulls Break Free?

0 19

XRP price again struggled to clear the $0.600 resistance and declined. The price is now testing the $0.5840 support and might continue to consolidate.

  • XRP price is still struggling to clear the $0.600 resistance zone.
  • The price is now trading below $0.5920 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $0.5880 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could start a fresh increase if it clears the $0.5920 and $0.600 resistance levels.

XRP Price Stuck Below $0.60

XRP price attempted another increase (like Bitcoin and Ethereum) above the $0.5850 and $0.5880 resistance levels. It even spiked above $0.5920, but the bears were active near the $0.5960 level.

A high was formed at $0.5961 and the price started a downside correction. There was a move below the $0.5920 and $0.5880 levels. The price dipped below the 50% Fib retracement level of the upward move from the $0.5744 swing low to the $0.5961 high.

The price is now trading below $0.5920 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5880 level. There is also a connecting bearish trend line forming with resistance at $0.5880 on the hourly chart of the XRP/USD pair.

XRP Price Trapped In Consolidation: Will Bulls Break Free?

The first major resistance is near the $0.5920 level. The next key resistance could be $0.5960. A clear move above the $0.5960 resistance might send the price toward the $0.600 resistance. Any more gains might send the price toward the $0.6050 resistance or even $0.6120 in the near term.

More Losses?

If XRP fails to clear the $0.5880 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5820 level. The next major support is near the $0.5800 level and the 76.4% Fib retracement level of the upward move from the $0.5744 swing low to the $0.5961 high.

If there is a downside break and a close below the $0.5800 level, the price might continue to decline toward the $0.5740 support in the near term. The next major support sits at $0.5650.

Technical Indicators

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

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

Major Support Levels – $0.5800 and $0.5740.

Major Resistance Levels – $0.5880 and $0.5960.

Source

Leave A Reply

Your email address will not be published.