{"id":60056,"date":"2023-09-12T12:00:45","date_gmt":"2023-09-12T16:00:45","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-xrp-drops-1-2-in-24-hours-time-to-buy-the-dip\/"},"modified":"2023-09-12T12:00:49","modified_gmt":"2023-09-12T16:00:49","slug":"xrp-price-prediction-as-xrp-drops-1-2-in-24-hours-time-to-buy-the-dip","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=60056","title":{"rendered":"XRP Price Prediction as XRP Drops 1.2% in 24 Hours \u2013 Time to Buy the Dip?"},"content":{"rendered":"
\n

In today’s market update, Ripple has witnessed a decline of roughly 1.2%, bringing its current price to $0.4787.\u00a0<\/p>\n

Despite this dip, there seems to be a silver lining as the cryptocurrency displayed signs of recovery during the US trading session.\u00a0<\/p>\n

The trading volume for XRP over the last 24 hours hovers around the $1 billion mark. As per CoinMarketCap, XRP holds the #6 position in terms of market capitalization, which currently stands at approximately $25 billion.\u00a0<\/p>\n

Presently, there is a circulating supply of 53,083,046,512 XRP coins out of a maximum supply of 100,000,000,000 XRP coins.<\/p>\n

XRP Price Prediction\u00a0<\/strong><\/h2>\n

Currently, the XRP\/USD trading pair is manifesting a distinct downward inclination. It has descended past a critical support threshold at the $0.4900 zone, previously recognized as a formidable triple-bottom support area.\u00a0<\/p>\n

An analysis of the 4-hour chart reveals the presence of a bearish engulfing candlestick pattern, hinting at a likely acceleration in the coin’s selling activity.\u00a0<\/p>\n

Under these circumstances, XRP\/USD is on track to approach the next support level at $0.4700 and may even tread towards the $0.4595 region if the bearish undertone continues.<\/p>\n

The coin is now facing an immediate ceiling at the $0.4900 level, hindering its upward movements.\u00a0<\/p>\n

The bearish sentiment is further emphasized by both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators, which are firmly positioned in the bearish zone.\u00a0<\/p>\n

The 50-day Exponential Moving Average (EMA) also outlines a resistance close to the $0.4950 region.\u00a0<\/p>\n

Persistent closures beneath this boundary act as a cautionary signal, emphasizing the likelihood of a sustained bearish phase.<\/p>\n

On the flip side, if XRP can muster the strength to eclipse the $0.4950 resistance, its next target would likely be the resistance level set at $0.5050. Overcoming this could potentially usher the coin to greater peaks.<\/p>\n

Wall Street Memes – The Alternative Coin Worth Considering<\/strong><\/h2>\n

At present, individual crypto enthusiasts are diversifying their portfolios, and WSM is becoming a focal point. The presale of $WSM, a meme-inspired digital currency, has garnered significant attention among investors.<\/p>\n

This novel cryptocurrency springs from Wall Street Memes, a prominent online platform celebrated for its deep ties with the investor community.<\/p>\n

The foray of Wall Street Memes into the digital currency realm has been met with overwhelming excitement, raking in more than $300,000 on its inaugural day and reaching a staggering total of $25 million.<\/p>\n

During its current presale phase, WSM tokens are priced at $0.0337.<\/p>\n

Don’t let this golden opportunity slip by. With its immense growth prospects, now’s your chance to stake a claim in Wall Street Memes and ride the wave of this thrilling venture.<\/p>\n

Buy $WSM\u00a0Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In today’s market update, Ripple has witnessed a decline of roughly 1.2%, bringing its current price to $0.4787.\u00a0 Despite this dip, there seems to be a silver lining as the cryptocurrency displayed signs of recovery during the US trading session.\u00a0 The trading volume for XRP over the last 24 hours hovers around the $1 billion […]<\/p>\n","protected":false},"author":1,"featured_media":60057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-60056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nXRP Price Prediction as XRP Drops 1.2% in 24 Hours \u2013 Time to Buy the Dip? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"In today's market update, Ripple has witnessed a decline of roughly 1.2%, bringing its current price to $0.4787.\u00a0Despite this dip, there seems to be a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=60056\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Prediction as XRP Drops 1.2% in 24 Hours \u2013 Time to Buy the Dip? 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