- Ripple Bears Persists
- Ripple XRP Price Analysis – XRP/USD
Ripple price analysis – the trading price of Ripple’s native token is struggling to gain impetus and is steadily declining below $0.1920 against the U.S dollar. The price failed to surge significantly, while BTC and ETH saw an increment of more than 5%. There was a break below the key bullish trend line with major support close to $0.1955 on the hourly chart of the XRP/USD pair.
The rice of the coin is at risk of more decline below the $0.1900 support levels in the near term. Currently, XRP is displaying bearish signs below $0.1920 against the U.S dollar, while BTC and ETH are down at 4%. The price might decline further down at the $0.1850 support.
Ripple XRP Price Analysis – XRP/USD
XRP has started a new decline after it failed to exceed the major $0.2000 resistance area. The price is now trading considerably below the $0.1950 level and the 100 hourly simple moving average. Also, it broke the $0.1920 support and traded near $0.1880. A low is established close to $0.184 and the price is currently consolidating.
The price has surged above the 23.6% Fib retracement level of the recent decline from the $0.1986 high to $0.1884 low. An early obstacle is close to the $0.1925 and the 100 hour SMA. The first major resistance is close to the $0.1950 level and a linking bearish trend line. Also, the 50% Fib retracement level of the recent decline from the $0.1986 high to $0.1884 low is close to the $0.1935 level.
Thus, an upside break above $0.1935 and $0.1950 is required for a needed for a considerate upward move. The major resistance is still close to $0.2000, above which the price could move positively. While on the downside, early support is close to $0.1900 and $0.1880, below which there is a risk of more losses below $0.1850 and $0.1820.
The MACD for XRP/USD is gradually moving into the bullish zone. The RSI for XRP/USD is currently above 40, with a flat structure. Major Support Levels are $0.1900, $0.1880 and $0.1850 while the major Resistance Levels are $0.1935, $0.1950 and $0.2000.
XRP (XRP) Price Today – XRP / USD
Several analysts are the price movement of the token, stating that it might likely result in a further decline for XRP in the near-term. Because Bitcoin is presently displaying some signs of weakness as it tries to maintain its current momentum that was ignited in the past couple of days, XRP’s likely near-term downside could be extended.