Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»Can the Bulls defend this key support?
BITCOIN NEWS

Can the Bulls defend this key support?

By Crypto FlexsMarch 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can the Bulls defend this key support?
Share
Facebook Twitter LinkedIn Pinterest Email

XRP price began a downward correction at the $0.7450 resistance. Bulls are now struggling to keep the price above the $0.5850 support.

  • XRP began a new downtrend after failing to clear resistance at $0.7450.
  • The price is currently trading below $0.650 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming at resistance $0.640 (data source from Kraken).
  • A close above the $0.6650 resistance zone could trigger a new rally for the pair.

XRP Price Trim Profit

After a steady rise, XRP price struggled to rise above the $0.750 resistance. The price started a downward correction from the $0.7442 high, like Ethereum and Bitcoin.

There was a steady decline below the $0.700 and $0.665 support levels. The price fell below the $0.600 support. A low was formed near $0.5874 and the price is currently consolidating losses. There was a slight increase above the $0.620 level.

The price surged above the 23.6% Fib retracement level moving down from the $0.7442 swing high to the $0.5874 low. However, the bears remained active near $0.650. Additionally, on the 4-hours chart of the XRP/USD pair, there is a major bearish trendline with resistance forming at $0.640.

Ripple’s token price is currently trading below $0.620 and the 100 simple moving average (4-hours). Meanwhile, immediate resistance is located near $0.640. The first major resistance is the 50% Fib retracement level near $0.6650 or a downward move from the $0.7442 swing high to the $0.5874 low, above which the price may rise towards the $0.70 resistance.

Source: XRPUSD on TradingView.com

A break above the $0.70 resistance could trigger a strong rally. The next major resistance is near $0.7450. If the bulls continue to be active above the $0.7450 resistance, there could be a rally towards the $0.800 resistance. Any more profits could push the price towards the $0.820 resistance.

Are there more losses?

If XRP fails to clear the $0.6650 resistance area, another decline could begin. Initial support on the downside is near the $0.5980 area.

The next major support is at $0.5850. A downward breakout and a close below the $0.5850 level could push the price lower. If indicated, the price could retest the $0.520 support zone.

technical indicators

4-Hour MACD – The MACD for XRP/USD is now pacing in bearish territory.

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

Key support levels – $0.5980, $0.5850 and $0.5200.

Key resistance levels – $0.640, $0.6650, $0.700.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025
Add A Comment

Comments are closed.

Recent Posts

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025
Most Popular

NVIDIA NIM microservices improve LLM inference efficiency at scale.

August 16, 2024

The Evolution of Ethereum | Ethereum Foundation Blog

April 24, 2024

New Cryptocurrencies Launch, Listing and Pre-Sale Today – NodeStation AI, Obi Real Estate, FreeBnk

April 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.