Currently, on Ripple news update, Ripple price is experiencing bearish sign, beneath key supports against the US Dollar and bitcoin. Currently, going by XRP price analysis, there is a high chance of XRP experiencing more downloads below the $0.2600 support. Ripple price began a new decline after it flunked to break the $0.2920 resistance against the US dollar. The XRP/USD pair is presently trading below the key $0.2700 support, which might hasten a fresh decline in the trading price. Currently, the Bitcoin price is holding the major support area at $10,500.
Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – Ripple Price Indicators Show Downtrend
Lately, the MACD for XRP/USD has obtained depth in the bearish zone, while currently, the RSI for XRP/USD is decreasing massively below the 40 levels. The major support levels are $0.2650, $0.2600 and $0.2500 while the major resistance levels are $0.2700, $0.2750 and $0.2850. Trading Price is at $0.28, market capitalization – $11,966,690,915 and trading volume – $1,228,009,147.
XRP (XRP) Price Today – XRP / USD
Ripple News Today – Ripple Price Analysis – Upward and Downward Price Movement of XRP
Looking at the ripple price analysis, lately, XRP price has increased above the $0.2800 and $0.2850 resistance levels against the US Dollar. Although, the XRP/USD pair resisted to break the $0.2900 and $0.2920 resistance levels. The trading price began a fresh decline after experiencing a fluctuating surge near $0.2918, after which there was a break below the $0.2800 support and the 100 hourly simple moving average. In the same light, Bitcoin and Ethereum pair are also going through the same fluctuating trading price, as the pair is resisting to retain key supports.
Ripple price is currently below its 50-day SMA and has lately been floating around its 5-day SMA. Though XRP’s short term SMA line has just scaled above its long term SMA line, this movement signifies a bullish price move. XRP price is clinging onto its key support level near $0.27, anything below that price will indicate a further price loss for the currency even though the currency is already trader under extended bearish pressure as a result of price fluctuation. The XRP/USD pair has declined below the 50% Fib retracement level of the upward stir from the $0.2484 low to $0.2918 high. This price movement has led to further losses below $0.27000. Close support is near the $0.2650 level, this support signifies the 61.8% Fib retracement level of the upward stir from the $0.2484 low to $0.2918 high. There are possibilities of the price declining towards the $0.2600 support if more downside should occur. And any additional losses can lead the price to its subsequent significant support area close to the $0.2500 level. The recent price trend has held trading in a fix, as the Ripple price is stuck and not looking positive. Hopefully, a surge will occur to rescue the situation.
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.