- XRP Price declines with 5% on the day
- Prospect of a further price decline in the near term
XRP Price Prediction 2020 – Currently, the XRP/USD pair is declining from the $0.2900 resistance. XRP price broke the $0.2700 level and it could persist to a price correction lower towards the $0.2600 support level. XRP price commenced a downside correction after it failed to test the $0.3000 level against the U.S dollar. There was a break beneath the $0.2800 and the $0.2700 levels.
Ripple Price Prediction 2020 – there is a major declining channel establishing with resistance close to $0.2735 on the hourly chart of the XRP/USD pair. The XRP Price could persist to move down towards $0.2600 or $0.2540 in the short term. After a moderate upward price movement, XRP price encountered a firm resistance close to the $0.2880 -$0.2900 level. Also, XRP price failed to test the $0.3000 resistance level and established a short term major close to the $0.2891 level.
XRP trading view – as a result of the above-mentioned case, there was a downside correction beneath the $0.2800 level. Moreover, XRP price traded beneath the 50% Fib Retracement level of the last lap from the $0.2635 low to $0.2891 high. XRP price is trading beneath $0.2750 and the 100 hourly simple moving average. Instant support is close to the $0.2695 level. It matches with the 76.4% Fib Retracement level of the last lap from the $0.2635 low to $0.2891 high.
Prospect of a further price decline in the near term
XRP News Now – notably, there is a major declining channel establishing with resistance close to $0.2735 on the hourly chart of the XRP/USD pair. Hence, there is the possibility of further losses in the XRP price beneath the $0.2695 level. The next support level is observed close to the last swing low to $0.2635. XRP price could persist to move down towards the $0.2600 support level if the price fails to remain above the $0.2635 level.
XRP (XRP) Price Today – XRP / USD
| Name | Price | 24H % |
|---|---|---|
 | $0.00 | -0.80% |
XRP trading view – any additional losses may push XRP price towards the $0.2575 support level. It matches with the 1.236 Fib extension level of the last lap from the $0.2635 low to $0.2891 high. On the upside, there are few major resistance establishing close to the $0.2735 and $0.2740 levels. The first major resistance is observed close to the $0.2800 level and the 200 hourly simple moving average.
Ripple Forecast 2020 – XRP Price Prediction 2020
XRP News Now – to advance into a bullish zone, the bulls would need to push the XRP price above $0.2800. The major resistance is close to the $0.2880-$0.2900 level, above which XRP price might surge towards the $0.3000 resistance.
