CandleFocus XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?
2024-10-04
Author: Content Editor
The price of XRP has experienced losses and is currently consolidating around the $0.5080 support level. It has underperformed compared to Bitcoin and Ethereum, falling below the $0.5450 support zone. The price is now trading above $0.5450 and the 100-hourly Simple Moving Average. Resistance levels to watch include $0.5440 and $0.5850. If it fails to break above the $0.5440 resistance, the price could decline further, with support levels at $0.5150 and $0.5080. The MACD indicator is showing bearish momentum, and the RSI is below 50.
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