- Ripple XRP Price Is Facing Major Resistances
- Prospect Of A Major Price Recovery
XRP News Now – XRP price is trying to break the major $0.2150 resistance level against the U.S dollar. The price of the token is indicating a few bearish signs and it could commence its price decline beneath $0.2110. XRP Price Analysis – XRP price might commence a new decline beneath $0.2100 against the U.S dollar.
XRP (XRP) Price Today – XRP / USD
XRP Prediction 2020 – Currently, XRP price is encountering several resistances close to the $0.2140 and $0.2150 levels. There is a short term mounting channel establishing with resistance close to $0.2115 on the hourly chart of the XRP/USD pair. XRP News Now – XRP price might commence a strong surge if it breaks the major $0.2150 resistance level.
XRP PRICE IS FACING MAJOR RESISTANCES
XRP Forecast – XRP price commenced a moderate upward trend from the $0.1978 swing low and surged above the $0.2000 and $0.2050 level. XRP News Now – The price of the token managed to surge above the 23.6% Fib retracement level of the major decline from the $0.2450 high to $0.1978 low. XRP bulls were able to drive the price above the $0.2100 resistance level, but it failed to gain momentum above the $0.2140 and $0.2150 resistance levels.
XRP Price Prediction 2020 – XRP’s current price trend indicates that the price was denied close to the $0.2150 resistance level. Ripple’s native token is currently decreasing and trading beneath the $0.2125 level. XRP News Now – Also, there is a short term mounting channel establishing with support close to $0.2115 on the hourly chart of the XRP/USD pair.
XRP Forecast – If the XRP/USD pair fails to stay above the $0.2115 and $0.2100 support levels, it might commence another price decline. Early support beneath $0.2100 is close to the $0.2050 level. XRP Prediction 2020 – Any additional decline might commence an intense and steady decline towards the $0.1980 level in the short term.
PROSPECT OF A MAJOR PRICE RECOVERY FOR XRP
XRP News Now – On the upside, XRP is encountering key resistance close to the $0.2150 level. The next resistance is observed close to the $0.2200 level since it is close to the 100 hourly simple moving averages. XRP Price Prediction 2020 – The 50% Fib retracement level of the major decline from the $0.2450 high to $0.1978 low is also close to the $0.2215 level to serve as a major resistance.
XRP Price Prediction 2020 – Ripple Price Prediction 2020
XRP Forecast – To commence a new price surge and a major recovery, XRP bulls need to exceed the $0.2150 resistance and gain momentum above the $0.2200 pivot level. The key resistance levels are $0.2150, $0.2200 and $0.2215 while the key support levels are $0.2100, $0.2050 and $0.2000.
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.