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XRP Price Stabilizes After Losses: Can Bulls Regain Momentum? Newsbtc 04 oct. 2024

XRP Price Stabilizes After Losses: Can Bulls Regain Momentum? 📉

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XRP price continued its decline, testing the $0.5080 support level before consolidating. It faces challenges recovering towards the $0.580 resistance, having underperformed against Bitcoin and Ethereum.

The price is presently trading below $0.5450 and the 100-hourly Simple Moving Average. A significant bearish trend line with resistance at $0.5850 complicates potential upward movement.

A move past the $0.5850 resistance could propel XRP towards the $0.600 and possibly $0.6250 resistance levels, but failing to surpass $0.5440 could result in further declines.

If there's a breakdown below $0.5080, it might decline towards $0.4920 support. Technical indicators reveal a struggling MACD and RSI below the midpoint.

Sursă: www.newsbtc.com ↗

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