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 %
3
ripple
XRP(XRP)
$0.271
-0.99%

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.

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