{"id":21247,"date":"2024-08-02T12:13:21","date_gmt":"2024-08-02T12:13:21","guid":{"rendered":"https:\/\/buycrypt.com\/blog\/?p=21247"},"modified":"2026-07-14T15:50:42","modified_gmt":"2026-07-14T15:50:42","slug":"ripple-price-analysis-the-reason-xrp-crashed-by-6-in-the-past-24-hours","status":"publish","type":"post","link":"https:\/\/buycrypt.com\/blog\/en\/ripple-price-analysis-the-reason-xrp-crashed-by-6-in-the-past-24-hours\/","title":{"rendered":"Ripple Price Analysis: The Reason XRP Crashed by 6% in the Past 24 Hours"},"content":{"rendered":"<p><em><strong>Ripplrice has been recovering recently, spreading optimism among market participants and XRP investors.<\/strong><\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>By <a href=\"https:\/\/tradingrage.com\/\" target=\"_blank\" rel=\"noopener\">TradingRage<\/a><\/p>\n<h3>The USDT Paired Chart<\/h3>\n<p>Looking at the XRP\/USDT chart\u2019s daily timeframe, the price has rebounded from the $0.4 support level with momentum. It has reclaimed $0.5 and the 200-day moving average, located around the $0.55 mark.<\/p>\n<p>The market is currently testing the $0.6 resistance. While the price is gradually climbing above the level, the RSI is demonstrating bearish divergence with the recent price highs. Therefore, a correction could be expected in the short term.<\/p>\n<p>The aforementioned bearish divergence painted by the RSi could also be part of the reasons why the XRP price crashed by around 6% in the past 24 hours.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.shortpixel.ai\/spai\/w_1532+q_lossless+ret_img+to_webp\/https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/XRPUSDT-Daily-Aug-1-2024-scaled.jpg\" alt=\"xrp_price_chart_0108241\" \/><\/p>\n<h3>The BTC Paired Chart<\/h3>\n<p>Looking at the BTC paired chart, XRP has reclaimed the 800 SAT level and is also breaking the 200-day moving average to the upside. If successful, the market could rally toward the 1200 SAT resistance level in the short term.<\/p>\n<p>With the Relative Strength Index showing values above 50%, market momentum is also in favor of a bullish move higher for Ripple against Bitcoin.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.shortpixel.ai\/spai\/w_1532+q_lossless+ret_img+to_webp\/https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/XRPBTC-Daily-Aug-1-2024-scaled.jpg\" alt=\"xrp_price_chart_0108242\" \/><\/p>\n<p>Source: www.cryptopotato.com<\/p>\n<p><!-- related-seo --><\/p>\n<div class=\"related-seo\">\n<h3>Related articles<\/h3>\n<ul>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/ripple-price-analysis-xrp-surges-to-0-45-but-are-the-bears-done\/\">Ripple Price Analysis: XRP Surges to $0.45 but Are the Bears Done?<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/ripple-price-analysis-xrp-explodes-above-0-6-but-will-the-bulls-hold\/\">Ripple Price Analysis: XRP Explodes Above $0.6 But Will the Bulls Hold?<\/a><\/li>\n<li><a href=\"https:\/\/buycrypt.com\/blog\/en\/ripple-xrp-price-outlook-can-bulls-defend-0-6-or-is-a-crash-coming\/\">Ripple (XRP) Price Outlook: Can Bulls Defend $0.6 or is a Crash Coming?<\/a><\/li>\n<\/ul>\n<\/div>\n<p><!-- \/related-seo --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article covers Ripple price analysis and reasons behind the 6% XRP drop in the past 24 hours.<\/p>\n","protected":false},"author":1,"featured_media":21260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"Ripple Price Analysis: Why XRP Dropped 6% in Last 24 Hours","rank_math_description":"Read our Ripple price analysis to understand why XRP dropped 6% in the last 24 hours. Learn key factors affecting XRP cryptocurrency price.","rank_math_focus_keyword":"Ripple price analysis, XRP drop","_forpost_external_id":"","_seorun_article_id":"","footnotes":""},"categories":[460,369],"tags":[2648,2824,4461,4501,1791],"class_list":["post-21247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kursy-en","category-news-en","tag-crypto","tag-market","tag-price-analysis","tag-ripple","tag-xrp-en","resize-featured-image"],"lang":"en","translations":{"en":21247,"uk":21248,"ru":21249},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/comments?post=21247"}],"version-history":[{"count":3,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21247\/revisions"}],"predecessor-version":[{"id":47592,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/posts\/21247\/revisions\/47592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media\/21260"}],"wp:attachment":[{"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/media?parent=21247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/categories?post=21247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buycrypt.com\/blog\/wp-json\/wp\/v2\/tags?post=21247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}