• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Bitcoin $118,000

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Bitcoin Pushes Higher – $120K Next Milestone in Sight

    2025-07-11

    Bitcoin $118,000

    2025-07-11

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Bitcoin Sets New Record: All-Time Highs Shattered!

    2025-07-09
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»XRP Price is Breaking Below $0.45! Here’s Next Support For XRP
Altcoins

XRP Price is Breaking Below $0.45! Here’s Next Support For XRP

2023-05-24No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

As traders navigate an uncertain global financial landscape, Ripple’s XRP token isn’t immune to the shockwaves reverberating through the crypto markets. The price of XRP has notably slipped below the critical support level of $0.45, causing a stir among traders and investors. This significant drop can largely be attributed to the current bearish sentiment surrounding potential interest rate hikes and the looming US debt ceiling crisis, which have started affecting the altcoin market significantly, and thus, the XRP price.

XRP Outshines But Fails To Hold Momentum

In an unexpected twist, XRP, Ripple’s native digital coin, has ascended past Bitcoin (BTC) to become the most traded asset on South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, in terms of trading volume.

Remarkably, for two days running, XRP, currently ranked as the sixth-largest cryptocurrency by market capitalization, has managed to steal the limelight from Bitcoin in trading volume. This event signifies the burgeoning popularity of XRP amongst Korean investors, potentially indicating a shift in the overall crypto market dynamics.

As it stands, XRP holds the top spot as the cryptocurrency with the highest daily trading volume. It chalked up approximately $208 million on Upbit and $50 million on Bithumb in daily trading volume. In contrast, Bitcoin saw a trading volume of $96 million on Upbit and $27 million on Bithumb over the past 24 hours.

XRP’s ascent to prominence can be credited to multiple variables. Central to this has been Ripple’s tactful collaborations with prominent Korean financial entities, including GME, South Korea’s preeminent remittance service firm, and leading exchanges.

See also  Lido Finance issues update on its journey towards full decentralization

Furthermore, the anticipation of the SEC failing to uphold pivotal arguments has further buoyed this optimism. If this expectation materializes, it could potentially catalyze a surge in XRP’s price, propelling it to unprecedented levels.

XRP Steeply Declines From $0.45

This week started off on a promising note for XRP, with the digital asset trading comfortably above $0.45. However, bearish sentiment trapped bulls, plunging the price below 23.6% Fib level. As of writing, XRP price trades at $0.4491, declining over 2.5% in the last 24 hours. 

The market bulls have struggled to push XRP past the prevailing downtrend line, and initiated a steep decline near the EMA-50 trend line at $0.45. This signifies a shift towards a bearish sentiment, with market tops being seized as selling opportunities.

The 20-day EMA is slowly beginning to trend downwards, and the Relative Strength Index (RSI) is situated within the negative zone. This suggests that the easiest route is likely downward. If buyers manage to push the price from $0.43 and send it above the 50-day EMA of $0.45, XRP’s value could gain momentum, potentially soaring as high as $0.47.

However, if the price slides below $0.44, it may begin a downturn that could pave the way for a drop towards the crucial support zone near $0.4.

Breaking Heres Price Support XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

2025-07-09

Biggest XRP Crypto Update Yet? XRPL EVM Could Explode Price!

2025-07-06

ETH to $10K? Insane Ethereum Price Predictions Just Dropped

2025-07-03

Bitcoin To $1M? Here’s WHY!

2025-07-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

This Crypto App Could Help You With Your GAINS…

2023-05-13

In this episode of Fomo or Pass (episode 4), Brian and I invited Amino Rewards…

Regulation

Half of CFTC’s enforcement cases in the last year involved digital assets

2023-11-08

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge.…

Analysis

Grayscale Bitcoin Trust Discount Shrinks Following BlackRock’s Application for Spot Bitcoin ETF

2023-06-19

The Bitcoin (BTC) trust controlled by digital asset management titan Grayscale is flashing signs of…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Bitcoin $118,000

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 117,427.46
ethereum
Ethereum (ETH) $ 2,947.16
xrp
XRP (XRP) $ 2.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 686.45
solana
Solana (SOL) $ 161.25
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.197847
tron
TRON (TRX) $ 0.302463
staked-ether
Lido Staked Ether (STETH) $ 2,946.61
bitcoin
Bitcoin (BTC) $ 117,427.46
ethereum
Ethereum (ETH) $ 2,947.16
xrp
XRP (XRP) $ 2.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 686.45
solana
Solana (SOL) $ 161.25
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.197847
tron
TRON (TRX) $ 0.302463
staked-ether
Lido Staked Ether (STETH) $ 2,946.61