- XRP bulls encounter price hurdle
- XRP price might face short term correction
XRP price prediction 2020 – XRP price is facing major resistance close to $0.2900 level against the U.S dollar. XRP price could decline further towards $0.2700 before it could surge again. There were over two major rejections recorded close to near the $0.2880-$0.2900 area. Currently, there is a short term declining channel establishing with resistance close to $0.2825 on the hourly chart of the XRP/USD pair. The XRP/USD pair could encounter price correction towards the $0.2700 and $0.2650 levels in the near term.
Ripple Price Prediction 2020 – currently, XRP is facing price hurdles. After a positive break above the $0.2650 resistance, XRP price extended its surge above the $0.2750 resistance level. Also, XRP price sustained its momentum above the $0.2800 level and the 100 hourly simple moving average.
Nonetheless, the XRP bulls managed to clear the $0.27900 area and there was no test of the $0.3000 hurdle. It appears that there were over two rejections close to the $0.2880-$0.2900 area. The last swing high was close to $0.2891 before XRP price commenced a downward move. It finally broke the 23.6% Fib retracement level of the upward move from the $0.2634 low to $0.2891 high.
XRP price might face short term correction
XRP traderview – from inception, there is a short term declining channel establishing with resistance close to $0.2825 on the hourly chart of the XRP/USD pair. The XRP/USD pair is currently testing the $0.2800 level and the 100 hourly Simple moving average.
Instant support is close to the $0.2760 level, it matches with the 50% Fib retracement level of the upward move from the $0.2634 low to the $0.2891 high. If XRP price fails to remain above the $0.2760 support level, XRP Price is at risk of a decline towards the $0.2700 support level. Any additional losses may drive XRP price towards the $0.2640 support level or the last swing low. Instant support is noted close to the $0.2695 level.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
XRP News Now – meanwhile, in the short term, there could be a slight decline beneath $0.2800 and $0.2750 level. though, the XRP bulls are likely to defend major losses in XRP price beneath $0.2700 or $0.2650. Once the recent price correction trend is finalized, XRP price is likely to try a clear break above the $0.2900 resistance level. If this happens, there are possibilities of XRP price attaining the major $0.3000 resistance level in the near term.
XRP (XRP) Price Today – XRP / USD
XRP Predictions 2020 – The MACD for XRP/USD is gradually approaching a bearish zone, while the RSI for XRP/USD pair is currently losing momentum and it is beneath the 50 levels. The major support levels are $0.2800, $0.2700 and $0.2640. While the major resistance levels are $0.2880, $0.2900 and $0.3000.