Ripple News Today – Ripple XRP Price Targeting Bullish Zone After Bear Pressure – March 16th, 2020 

XRP2
  • Ripple XRP Establishes Major Support Levels
  • Major Clear out level

XRP News Now – XRP is indicating signs of a moderate price recovery above $0.1400 against the U.S dollar. XRP price could try to surpass the $0.1650 resistance level and commence a massive surge. XRP Price Prediction 2020 – XRP price is encountering a couple of major barriers close to $0.1620 and $0.1650 against the U.S dollar. A major support level appears to be established close to the $0.1400 level. XRP News Now – There is a major contracting triangle establishing with resistance close to $0.1650 on the hourly chart of the XRP/USD pair. XRP might try to commence a massive surge above the $0.1600 and $0.1650 resistance level.

XRP Establishes Major Support Levels

XRP Prediction 2020 – after declining towards the $0.1150 level, XRP commenced an upside price correction. The price of the token recovered above the $0.1260 and $0.1400 resistance level to commence a moderate recovery. XRP Price Prediction 2020 – there was a clear break above the 23.6% Fib retracement level of the major decline from the $0.2103 high to $0.1166 low. Yet, XRP price is encountering a firm resistance close to the $0.1600 level and the 100 hourly simple moving averages.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.419
-3.12%

XRP News Now – The 50% Fib retracement level of the major decline from the $0.2102 high to $0.1166 low is also serving as a major barrier for the XRP bulls. Notably, there is a major contracting triangle establishing with resistance close to $0.1650 on the hourly chart of the XRP/USD pair. XRP 2020 – It appears like there is a major clear-out level establishing close to the $0.1600 level.

XRP Prediction 2020 – If there is an upside break above the $0.1620 and $0.1650 resistance level; there are possibilities of a massive price surge in the near term. XRP 2020 – The next major resistance is close to the $0.1750 level, alongside the 61.8% Fib retracement level of the major decline from the $0.2102 high to $0.1166 low.

Major Clear out level

XRP News Now – if XRP price tries to break the $0.1600 resistance level, it could commence another price decline. On the downside, early support is close to the $0.1450 level. The first key support is close to the $0.1385 level, beneath which the XRP bear might take charge. XRP News Now – if the above-mentioned bearish case happens, XRP price might retest the $0.1200 support level in the forthcoming sessions. Any additional losses might pave way for more downsides towards $0.1100.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

XRP Price Prediction 2020 – the MACD for XRPUSD pair is currently gaining momentum in the bearish zone. The RSI for XRP/USD pair is still beneath the 50 levels. The key resistance levels are $0.1600, $0.1620 and $0.1650, while the key support levels are $0.1450, $0.1400 and $0.1380.

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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