**XRP Price Dips Again 📉**

XRP price attempted a fresh increase above the $0.4950 resistance zone. It even spiked above the $0.50 resistance but there was no real bullish momentum. A high was formed at $0.5019 and the price started a fresh decline like Bitcoin. 📊

There was a move below the $0.4980 and $0.4950 levels. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. 📉

The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. The bulls seem to be active near the $0.4850 support and the 61.8% Fib retracement level of the upward move from the $0.4765 swing low to the $0.5019 high. 📈

If there is a fresh increase, the price might face hurdles near the $0.4950 level. The first major resistance is near the $0.50 and $0.5020 levels. A clear move above the $0.5020 resistance might send the price toward the $0.5150 resistance. 🚀

**More Losses? 📉**

If XRP fails to clear the $0.50 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4850 level. 📉

The next major support is at $0.4765. If there is a downside break and a close below the $0.4765 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4540 low in the near term. 🛑

**Technical Indicators 🛠️**

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. 📉

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 📉

Major Support Levels – $0.4850 and $0.4765. 📉

Major Resistance Levels – $0.5020 and $0.5150 🚀#Megadrop #BinanceTournament #CertiKvsKraken #LayerZero #BTCFOMCWatch $XRP