XRP/USD Pair Encountering Bearish Price Movement, When Will XRP Recover?

Ripple XRP Price Prediction

Ripple Price Analysis – Ripple price is currently moving in a sluggish trend $0.28 short-term barrier but $0.27 is a strong support zone in the short-term. In spite of the obvious decrease in the short time frame charts, XRP/USD pair has incurred an uptrend from August lows near $0.24. The Ripple technical indicator shows that the Spot rate is at 0.2738, Relative change is 0.003582, and the high is 0.2779, while the low is 0.2736.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %

Recently, after trading for as low as $0.25, Ripple trading price has recommenced an upside correction. The XRP/USD pair is currently encountering resistance at the $0.27 price level. Ripple bulls’ support in the uptrend strong as the price slowly inclines north above the short-term trendline. Ripple price is faintly bearish in the short-term. Though, the price is above the moving averages signifying prevailing bullish influence in the short-term. August 23, 2019, saw the trading price of Ripple (XRP) in a bearish zone beneath the 12 and 26-day Exponential Moving Averages (EMA). In the same light, Ethereum price has sustained its price decrease since August 19, 2019. On August 22, 2019, the market price dropped below the $0.27 and $0.26 support levels to trade as low as $0.25. However, the trading price of Ripple has continued the upward trend above the $0.25 level, although it encountered a solid resistance close to the $0.27 level.

XRP Price Prediction 2019 – XRP Latest Update – Ripple Price Prediction – Short-term Gains For the XRP/USD Pair

On Ripple Price prediction, there is a possibility of the coin increasing to the $0.30 price level, should the bulls break above the $0.27 resistance. While on the downside, there are an impending decline to $0.26 and $0.25 price levels, if the bulls refuse to break the resistance. Currently, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero lines which shows a trade pointer.

On the 1-hour chart shows that the XRP/USD pair price is in a bearish trend zone. The 12 and 26-day EMAs were trending parallel but are currently steering southward. Currently, the XRP trading price is declining and should the downward movement continues, the XRP/USD pair will return to the low of $0.25 level. Nonetheless, the MACD line and the signal line are above the zero lines which shows a purchase pointer. The Resistance Levels are $0.28, $0.29, $0.30, while the Support Levels are $0.26, $0.25. $0.24-$0.26 proven as a reliable haven in the occasion of a reversal. Correction above the downward trendline to pave way for gains above $0.3.

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.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.