CandleFocus XRP Price Slows Down: Will Bears Take Over or Bulls Fight Back?
2024-10-10
Author: Content Editor
The XRP price is currently trading below the $0.550 level and is slowly declining. It failed to break above the $0.5350 resistance and is now consolidating losses. The price is currently below the 100-hourly Simple Moving Average and if there is another increase, it might face resistance near the $0.5300 level. The first major resistance is at $0.5350 and the next key resistance is at $0.5450. A clear move above these levels could potentially send the price towards $0.5500. However, if the price fails to clear the $0.5350 resistance zone, it could start another decline. The immediate support levels are at $0.5220 and $0.5200, with the next major support at $0.5150. The technical indicators show bearish signals, with the MACD in the bearish zone and the RSI below the 50 level.
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