Ripple News Today – Ripple XRP Price Recovery From $0.12 Impending After Crucial 50% Decline – March 13th, 2020

Ripple XRP Price Prediction
  • Ripple XRP Price Currently Testing Major Support
  • What Happens If the XRP Price Recovery Fails?

XRP Prediction 2020 – XRP price is down with over 50% in a day and broke the $0.1500 support level against the U.S dollar. XRP News Now – The price tested the $0.1200 support level and it is currently displaying a few signs of recovery. XRP price is down as low as $0.1000 and it recently tested the $0.1200 support level against the U.S dollar.

XRP Projections – The price of the token is currently correcting higher from the $0.1174 swing low. XRP Prediction 2020 – There is a key bearish trend line establishing with resistance close to the $0.1900 on the 4-hour chart of the XTP/USD pair. If the token fails to recover above the $0.1650 and $0.1700 resistance level, the price might commence another decline.

XRP Price Currently Testing Major Support

XRP News Now – In the past three sessions, XRP experienced a tremendous decline from well above $0.2000. XRP Projections – XRP price declined over 50% and broke many major supports close to $0.1800 and $0.1650 to attain a medium-term downtrend.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.306
2.23%

The decline went as low as breaking the $0.1500 support level and settled well beneath the 100 simple moving averages. XRP 2020 – The price finally tested the major $0.1200 support level and a new multi-month low was established close to the $0.1174 level.

XRP 2020 – XRP price is currently correcting higher and trading above the $0.1400 level. It is trading above the 23.6% Fib retracement level of the fresh decline from the $0.2160 high to $0.1174 low. XRP Projections – On the upside, early resistance is close to the $0.1650 level. The 50% Fib retracement level of the fresh decline from the $0.2160 high to $0.1174 low is also close to the $0.1667 level to serve as a major barrier for XRP bulls.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

XRP Prediction 2020 – Notably, there is a key bearish trend line establishing with resistance close to $0.1900 on the 4-hours chart of the XRP/USD pair. Hence, the pair must recover above the $0.1650 and $0.1900 resistance levels to retest the positive zone.

What Happens If XRP’s Price Recovery Fails?

XRP 2020 – the $0.1200 support level is very crucial, XRP is currently displaying a few bullish signs above the $0.1400 level. Still, the $0.1650 resistance level could serve as a major hurdle XRP bulls. XRP News Now – if XRP price fails to clear the $0.1650 barrier, the price of the token might resume its decline. The first major support on the downside is close to the $0.1320 level. The major support is close to the $0.1200 level, beneath which the price could test the $0.1000 level.

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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