Ripple Latest Update – XRP’s Price Is Plummeting, Further Decline Beneath $0.20 Impending – March 9th, 2020

XRP2
  • Ripple XRP Price Analysis – XRP Price Targeting New High
  • Ripple XRP Price Prediction – Upside Correcting looming?

XRP News Now – XRP is down by over 10% and it marked the $0.2000 support level against the U.S dollar. The price of the token is currently correcting higher, but there are prospects of upside trends that might persist close to $0.2150. XRP Prediction 2020 – XRP price is displaying several bearish indications beneath the $0.2200 and $0.2150 levels against the U.S dollar.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.305
1.77%

XRP Price Prediction 2020 – XRP price tested the $0.2000 support level and it is currently at risk of further losses. XRP News Now – There is a key contracting triangle establishing with support close to $0.2038 on the hourly chart of the XRP/USD pair. XRP price could correct higher, though it might likely encounter a massive selling pressure close to $0.2150.

Ripple XRP Price Targeting New High

XRP Projections – XRP price commenced a key decline from well above the $0.2300 support level. It followed a bearish channel similar to BTC and ETH to settle well beneath the 100 hourly simple moving average. XRP News Now – the new price decline took the price beneath the $0.2150 support level. It tested the $0.2000 support level and a new monthly low us established close to $0.1998.

XRP Price Prediction 2020 – XRP price is correcting higher and trading well above the $0.2040 level. Moreover, it is testing the 23.6% Fib retracement level of the new dip from the $0.2449 high to $0.1998 low. XRP Projections – on the upside, several resistances are establishing close to the $0.2100 and $0.2120 levels. There is also a key contracting triangle establishing with support close to $0.2038 on the hourly chart of the XRP/USD pair.

Is There An Upside Correction Looming?

XRP Projections – If XRP price commences an upside correction above the $0.2100 resistance level, it could test the major $0.2150 resistance level. There is also a critical bearish trendline establishing with resistance close to $0.2160. XRP Price Prediction 2020 – above the trendline resistance, the 50% Fib retracement level of the new dip from $0.2449 high to $0.1998 low is close to the $0.2220 level. Hence for a moderate price recovery to occur, a firm break above the $0.2150 resistance and a follow-through above the $0.2200 level.

Xrp Price Prediction 2020 – Ripple XRP Price Prediction 2020

XRP News Now – if this fails, XRP bears might target further losses beneath the $0.2020 and $0.2000 support levels in the forthcoming sessions. The MACD for XRP/USD is gradually recovering and it could move into the bullish zone, while the RSI for XRP/USD is currently correcting higher towards the 40 levels. The key support levels are $0.2040, $0.2020 and $0.2000, while the key resistance levels are $0.2100, $0.2120 and $0.2150.

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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