COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: XRP Shows Signs of Recovery After Recent Decline
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > XRP Shows Signs of Recovery After Recent Decline
Ripple (XRP)

XRP Shows Signs of Recovery After Recent Decline

In Brief

  • XRP is trying to recover after recent declines.

  • Technical indicators do not yet signal a clear recovery.

  • Investors should monitor the $0.50 support level closely.

COINTURK NEWS
COINTURK NEWS 9 months ago
Share
SHARE

XRP, son dönemde yaşadığı sert düşüşün ardından toparlanma çabaları sergiliyor. Ancak fiyatın 0,60 dolar seviyesinin altına gerilemesi, düşüş eğiliminin devam edebileceğini gösteriyor. Teknik göstergeler, XRP’nin şu anki konumunun kritik bir destek bölgesinde olduğunu işaret ederken, kısa vadede volatilitenin devam edebileceğini ortaya koyuyor.

Contents
What Did Fibonacci Retracement Levels and Awesome Oscillator Indicate?What Could Be the Potential Movements for Trend Continuation?

What Did Fibonacci Retracement Levels and Awesome Oscillator Indicate?

Looking at XRP’s recent price movements, Fibonacci retracement levels provide important clues. As seen in the chart below, the pullback from $0.5720, which corresponds to the 0.618 Fibonacci level, indicates that this level forms a strong resistance. On the downside, the $0.50 level should be watched as a critical support.

The Awesome Oscillator (AO) clearly gives a sell signal in the chart above. On the other hand, the RSI indicator moving below the 50 level indicates market weakness. These data suggest that XRP may remain under pressure before a trend reversal occurs.

What Could Be the Potential Movements for Trend Continuation?

Similar to the Awesome Oscillator, the MACD indicator used to track XRP’s overall trend continues to give a sell signal. As long as the MACD line remains below the signal line, it provides a strong signal that the downtrend will continue. Additionally, the RSI indicator hovering around the 50 level suggests that volatility may increase before the trend gains a clear direction.

So, what can be expected for the cryptocurrency XRP at this stage? XRP’s staying below the $0.60 level requires investors to be cautious in the short term. If the price fails to retest this level, the $0.50 support will gain more importance. A move below this level could lead to a deeper correction.

XRP is attempting to recover following recent declines, but technical indicators do not yet signal a clear recovery. Volatility is likely to continue in the short term. Investors should closely monitor the $0.50 support level. A drop below this level could mean further downside potential for XRP. At the time of writing, XRP price is at $0.56.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

XRP’s Meteoric Rise Attracts Crypto Enthusiasts Worldwide

XRP Rockets to Third Place with CME’s Launch of Futures Contracts

XRP Overtakes Tether as New Speculations Stir Market Excitement

XRP Defies Odds and Aims Skyward: Essential Catalysts in Action

XRP Defies Market Trends with Surprising Price Surge

COINTURK NEWS 11 August, 2024 - 6:32 pm 11 August, 2024 - 6:32 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitgo Transfers Control of WBTC to Joint Venture with BiT Global
Next Article Celsius Files Lawsuit Against Tether for $2.4 Billion
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Anchorage Digital Clears Its Name Amid Alleged Investigation Claims
Cryptocurrency Law
US Senators Urge Treasury to Adjust Crypto Tax Policies to Maintain Global Competitiveness
Cryptocurrency Law
Peter Schiff Shines Light on Bitcoin’s Unique Real-World Application
Bitcoin News
FalconX Teams Up with Standard Chartered to Enhance Crypto Services Worldwide
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?