Ripple News Today – XRP Price At Risk Of An Abrupt Decline After “Sell” Indication – March 12th, 2020

Ripple XRP Price Prediction
  • Ripple XRP Price Prediction – Further Decline Looming
  • Another Price Rejection Close To $0.1980 Support Level

XRP News Now – XRP price is currently indicating a lot of bearish signs beneath the $0.2050 pivot level against the U.S dollar. The price of the token is at risk to a critical decline beneath the $0.2000 and $0.1980 support levels. XRP Price Prediction 2020- XRP price is declining and it is currently trading well beneath the $0.2100 resistance level against the U.S dollar.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.304
1.81%

XRP Prediction – the price might dip beneath the $0.2000 and $0.1980 support levels in the short term. There is a key declining channel establishing with resistance close to $0.2070 on the hourly chart of the XRP/USD pair. XRP News Now – the price of the token might surge if the bulls succeed to maintain $0.1980 once again.

XRP Price Prediction – Further Decline Looming

XRP Price Prediction 2020 – in the previous days, XRP bears made a few trials to drive the price of the token beneath the $0.2000 and $0.1980 support levels but failed. XRP News Now – XRP price established a high close to the $0.2099 level and recently commenced a new price decline. XRP Prediction – there was a break beneath the $0.2050 pivot level. The price declined beneath the 50% Fib retracement level of the recent surge from the $0.1991 low to $0.2099 high.

XRP Price Prediction 2020 – It appears like XRP bears are in charge and they are trying a bearish break beneath the $0.2000 and $0.1980 support levels. XRP Prediction – XRP price is currently testing the $0.1990 area and there is a key declining channel establishing with resistance close to $0.2070 on the hourly chart of the XRP/USD pair.

Ripple Price Prediction 2020 – Ripple Price Forecast 2020

XRP News Now – early support is close to the $0.1965 level. It matches with the 1.236 Fib retracement level of the new surge from the $0.1991 low to $0.2099 high. XRP Price Prediction 2020 – The next major support is close to the $0.1950 level, beneath which the price of the token could test the $0.1920 level in the short term. Any additional losses may drive the price towards the $0.1840 support level.

Another Price Rejection Close To $0.1980 Support Level

XRP News Now – There are possibilities of another price rejection close to the $0.1980 support level. If XRP price remains above the $0.1980 support level, it could commence a short term upside price correction. XRP Prediction – On the upside, early resistance is close to the $0.2050 level. The first major resistance is close to the $0.2080 level and the channel upper trend line. A positive close above the channel resistance and a follow-through above the $0.2100 resistance are required to commence a strong recovery wave in the forthcoming sessions.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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