Ripple Price Analysis: Can XRP/USD Buyers Keep The Uptrend Going?

2020-1-21 16:13

Ripple price is trading nicely above the $0.2300 and $0.2335 support levels. XRP to USD is likely to surge again if it clears the $0.2405 and $0.2415 resistance levels.

Key Takeaways: XRP/USD Ripple price declined recently from the $0.2550 high, but it found support near $0.2235 against the US Dollar. XRP/USD is currently struggling to clear $0.2400 and a major bearish trend line on the 2-hours chart (data feed from Bitstamp) Bitcoin price is also facing a strong resistance near the $8,750 and $8,800 levels. Ripple Price Analysis

After a strong rally, ripple price faced sellers near the $0.2550 area. As a result, XRP to USD started a downside correction and traded below the $0.2420 and $0.2400 levels.

Looking at the 2-hours chart, ripple price even settled below $0.2400 and the 50 simple moving average (2-hours, purple). However, the bulls took a stand near the $0.2235 area.

A low is formed near $0.2237 and the price recently recovered above $0.2300 and $0.2350. It even spiked above $0.2400 and the 50 simple moving average (2-hours, purple). At the outset, it seems like ripple price is currently struggling to clear $0.2400 and a major bearish trend line on the 2-hours chart.

If there is a clear break above the $0.2405 and $0.2415 resistance levels, there are chances of more upsides in the near term. The next major resistance is near the $0.2500 and $0.2520 levels.

Any further gains might start a decent increase towards the $0.2560 level. On the downside, an initial support is near the $0.2325 level since it is close to the 50% Fib retracement level of the recent upward move from $0.2237 to $0.2414.

The main support on the downside is near the $0.2300 level. Besides, the 61.8% Fib retracement level of the recent upward move from $0.2237 to $0.2414 is also near $0.2300.

If ripple price fails to stay above the $0.2300 support area, there is a risk of more downsides. In the mentioned case, the price could extend its decline towards the $0.2235 support area.

Live Ripple (XRP) Price: 1 XRP/USD =$0.2382 change ~ 2.38%

Coin Market Cap

$10.31 Billion

24 Hour Volume

$201.78 Million

24 Hour VWAP

$0

24 Hour Change

$0.0057 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~XRP~USD"); origin »

Ripple (XRP) на Currencies.ru

$ 2.0819 (+0.42%)
Объем 24H $6.241b
Изменеия 24h: 0.22 %, 7d: -6.79 %
Cегодня L: $2.0147 - H: $2.1124
Капитализация $119.525b Rank 4
Цена в час новости $ 0.2687 (674.8%)

xrp ripple price usd levels again clears

Источник: bitcoinexchangeguide.com

xrp ripple → Результатов: 126


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