XRP Price Prediction – A Plunge To $0.45 On The Horizon, Here’s Why

Oct 10, 2023 06:00 am Cryptocurrency 86

XRP price started a fresh decline from the $0.550 resistance against the US Dollar. It could accelerate lower and revisit the $0.45 support.

Ripple’s token price is declining from the 0.550 resistance against the US dollar.

The price is now trading above $0.500 and the 100 simple moving average (4 hours).

There is a major bearish trend line forming with resistance near $0.5065 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

The pair might continue to move down if it breaks the $0.488 support zone.

XRP Price Takes Hit

Recently, XRP made another attempt to clear the $0.550 resistance. However, the bulls failed to clear the $0.550 barrier. The price traded as high as $0.5510 and started a fresh decline, like Bitcoin and Ethereum.

There was a steady decline below the $0.532 and $0.525 levels. The price even declined be ..

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