XRP Latest News Today – Top Headline for Ripple XRP, January 16th, 2020

  • Ripple XRP Price – XRP seeking support with major reversal levels insight
  • Judge keeps Ripple community in Suspense

Ripple’s native token, XRP is currently down with over 4% after it faces price rejection close to $0.2450 against the U.S dollar, also to BTC close to $8,900. Ripple XRP price is gradually closing in on major support levels at $0.2230 and $0.2200. This week brought a significant rise in the trading price of BTC, ETH, and XRP against the U.S dollar. Ripple XRP price surged above the $0.2250 and $0.2320 resistance level. Also, there was a break above the $0.2400 resistance level and the price traded to a new 2020 high at $0.2451. A short-term high appears to have established close to the $0.2451 level and the Ripple XRP price is currently declining. It already broke the $0.2320 support level.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.253
-1.30%

Moreover, there was a break beneath significant triangle support at $0.2234 on the hourly chart of the XRP/USD pair. The XRP/USD pair traded below the 50% Fib retracement level of the upward move from the $0.2099 low to $0.2451 high.

XRP is now trading close to the major support $0.2230 support level and the 100 hourly simple moving average. Also, the 61.8% Fib retracement level of the upward surge from the $0.2099 low to $0.2451 high is close to the $0.2230 zone.

XRP Price Prediction – Ripple Price Prediction

The next key support is close to the $0.2200 level. A positive break and close beneath the $0.2200 support and the 100 hourly simple moving average could trigger the bulls back on track. Pushing the XRP price towards the $0.2120 support.

Should XRP price stay above the $0.2200 support level, the could trigger a new rise. An early resistance is close to the $0.2275 and $0.2280 level. the major resistance for XRP is close to the $0.2320 level, above which the bulls are expected to gain momentum. Should this happen, the price could retest the new high or $0.2451 in the coming days.

The MACD for XRP/USD is gradually losing momentum in the bearish zone, while the RSI for XRP/USD is now recovering towards the 50 levels. The Major Support Levels are $0.2230, $0.2210 and $0.2200. While the Major Resistance Levels are $0.2275, $0.2320 and $0.2350.

Judge keeps Ripple community in Suspense

It appears both parties involved in the XRP lawsuit will have to wait a bit longer to find out if the Ripple lawsuit will continue. The judge, Judge Phyllis J. Hamilton, was expected to declare her judgment on the XRP security court case. The case which was slated for a court hearing on January 15, seems to be putting everyone in suspense. It appears it could take some days or weeks for the verdict to be known.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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