Ripple is down more than 2% and it broke the $0.1880 support against the US dollar.
XRP price is now trading near the $0.1840 support area and it could correct higher.
There is a key bearish trend line forming with resistance near $0.1920 on the hourly chart of the XRP/USD pair (data source from Kraken).
Ethereum is also down 2% and it might continue to decline towards the $120 support.
Ripple price is gaining bearish momentum below $0.1920 against the US Dollar, similar to bitcoin. XRP might slide further if it breaks the $0.1840 support.
Ripple Price Analysis
Yesterday, we discussed the chances of a larger breakout in ripple if it breaks $0.2000 against the US Dollar. However, XRP price failed to gain strength above $0.1950 and $0.2000.
As a result, there was a fresh decline and the price broke the key $0.1920 and $0.1900 support levels. Moreover, there was a close below $0.1900 and the 100 hourly simple moving average.
Finally, the price traded below $0.1880 and tested the $0.1840 support area. A low is formed near $0.1840 and ripple is currently consolidating losses. An initial resistance is seen near the $0.1860 level.
Besides, the 23.6% Fib retracement level of the recent slide from the $0.1928 high to $0.1840 low is also near the $0.1860 level. The first key resistance on the upside is near the $0.1880 level.
Additionally, the 50% Fib retracement level of the recent slide from the $0.1928 high to $0.1840 low is near the $0.1880 level. More importantly, there is a key bearish trend line forming with resistance near $0.1920 on the hourly chart of the XRP/USD pair.
Therefore, ripple price is clearly facing a lot of hurdles on the upside near the $0.1880 and $0.1900 levels. If there is an upside correction, the bears are likely to protect gains above $0.1900 in the near term.
On the downside, an immediate support is near the $0.1840 level. If there is a downside break below $0.1840, the price is likely to accelerate lower towards the $0.1800 and $0.1780 levels.
Ripple Price
Looking at the chart, ripple price is now trading in a downtrend below $0.1900 and $0.1920. There are chances of more losses below $0.1840 and $0.1800 unless there is a strong recovery wave above $0.1920.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting higher towards the 40 level.
Major Support Levels – $0.1840, $0.1800 and $0.1780.
Major Resistance Levels – $0.1880, $0.1900 and $0.1920. The post appeared first on NewsBTC. origin »
Ripple is trading with a minor bearish angle below $0. 3020 against the US Dollar. XRP price must stay above $0. 2850 to start a fresh increase in the near term. Ripple is declining steadily and it even broke the $0.
Ripple price is consolidating above the $0. 1850 and $0. 1880 support levels against the US dollar. XRP could start a larger rally if it clears the main $0. 2000 resistance area. There is a major breakout pattern forming with resistance near $0.
Ripple price is slowly grinding higher and approaching the $0. 2000 resistance against the US dollar. XRP seems to be forming a nice support near the $0. 1940 and $0. 1925 levels. There is a key rising channel forming with support near $0.
Ripple price is now trading well below the $0. 2000 and $0. 1950 supports against the US dollar. XRP is facing hurdles, while bitcoin and Ethereum are declining steadily. There is a connecting bearish trend line forming with resistance near $0.
Ripple price is slowly rising and it is now trading above $0. 1950 against the US dollar. The price seems to be lacking bullish momentum above the $0. 1980 and $0. 2000. There is a key bullish trend line forming with support near $0.
Ripple price is still trading in the red zone below the $0. 2000 resistance against the US dollar. The price is declining and it could soon break the $0. 1840 support area to continue lower. This week’s key bearish trend line is still active with resistance near $0.
Ripple price is currently correcting higher from the $0. 1741 low against the US dollar. It seems like the bulls are struggling to clear the $0. 2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.
Ripple price is diving below $0. 1900 and it recently traded to a new 2-year low against the US dollar. It broke a significant support, opening the doors for further losses below $0. 1800. There is a key bearish trend line forming with resistance near $0.
Ripple price is down close to 6% and it broke the $0. 2050 support area against the US dollar. The price is likely to continue lower below $0. 2000 and $0. 1980 in the near term. Earlier, there was a break below a couple of bearish continuation patterns with support near $0.
Ripple price is sliding and it is under pressure below the $0. 2200 resistance against the US dollar. The price is now trading below $0. 2150 and it could decline further below $0. 2100. There is a crucial bearish trend line forming with resistance near $0.
Ripple price is struggling to recover above the $0. 2200 resistance area against the US dollar. The price remains at a risk of more downsides below the $0. 2180 support area. There is a declining channel forming with resistance near $0.
Ripple price is declining and it recently broke the key $0. 2200 support area against the US dollar. The price is likely to face hurdles near $0. 2200 and $0. 2240 in the near term. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price declined recently below the $0. 2240 and $0. 2220 support levels against the US dollar. The price is currently correcting higher, but facing resistance near $0. 2240 and $0. 2260. There is a key bearish trend line forming with resistance near $0.
Ripple price is currently declining from the key $0. 2320 resistance area against the US dollar. The price is now trading below $0. 2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.
Ripple price is gaining momentum and it is rising above $0. 2250 against the US dollar. The price is likely to continue higher above the $0. 2320 and $0. 2350 resistance levels. There is a key bullish trend line forming with support near $0.
Ripple price is trading nicely above the $0. 2180 pivot area against the US dollar. The price is likely to slowly rise towards the $0. 2265 and $0. 2300 resistance levels. There is a major bullish trend line forming with support near $0.
Ripple price rallied recently above the $0. 2220 resistance, but failed near $0. 2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0. 2100.
Ripple price is declining and it is now trading below the $0. 2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0. 2000. This week’s major bearish trend line is still active with resistance near $0.
Ripple price is currently declining and trading below the $0. 2240 resistance area. XRP to USD is likely to continue lower towards the key $0. 2130 support area in the near term. Key Takeaways: XRP/USD Ripple price is trading in a bearish zone below the $0.
Ripple price is struggling to stay above the $0. 2180 support area against the US dollar. The price is likely to face resistance near the $0. 2230 and $0. 2240 levels. Yesterday’s key bearish trend line is intact with resistance near $0.
Ripple price is holding a couple of important supports near $0. 2180 and $0. 2150 against the US dollar. The price is currently facing resistance near the $0. 2260 and $0. 2300 levels. There is a major bearish trend line forming with resistance near $0.
Ripple price is trading above a couple of important supports near $0. 2200 against the US dollar. The price is facing a major hurdle near the $0. 2280 and $0. 2350 resistance levels. Yesterday’s highlighted major ascending channel is intact with support near $0.
Ripple price is trading nicely above the $0. 2200 and $0. 2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0. 2300 resistance area. There is a new connecting bullish trend line forming with support near $0.
Ripple price is currently correcting from the monthly low of $0.2003. XRP to USD is now trading above $0.2150 and it is facing a lot of strong hurdles near $0.2250 and $0.2350. Key Takeaways: XRP/USD Ripple price is trading with a short term bullish bias above the $0.2150 level against the US Dollar. XRP/USD climbed […]
Ripple price is showing a lot of positive signs above the $0. 2120 support against the US dollar. The price is likely to break the $0. 2240 and $0. 2270 resistance levels to continue higher. Yesterday’s key bearish trend line was breached with resistance near $0.
Ripple price is currently correcting from the new monthly low of $0. 2005 against the US dollar. The price might correct further higher, but the $0. 2270 resistance is a crucial hurdle for buyers.
Ripple price is down close to 10% and it even traded close to the $0. 2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0. 2180 and $0.
Ripple price is down 5% and it broke the key $0. 2420 support area against the US dollar. The price tagged the $0. 2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.
Ripple price is currently struggling to surpass the $0. 2560 and $0. 2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0. 2600 resistance.
Ripple price is currently correcting higher from the $0. 2460 support. XRP to USD is facing an uphill task near the $0. 2560 and $0. 2580 resistance levels. Key Takeaways: XRP/USD Ripple price is currently struggling to clear the $0.
Ripple price is currently correcting higher and is trading above $0. 2520 against the US dollar. The price seems to be approaching a major resistance area near the $0. 2600 level. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is declining and trading below the $0. 2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.
Ripple price is under pressure and struggling to surpass the $0. 2660 resistance against the US dollar. The price is currently declining and it is likely to break the $0. 2580 support area. There is a major bearish trend line forming with resistance near $0.
Ripple price is following a downtrend below the $0. 2700 support area against the US dollar. The price is currently trading near the $0. 2620 support and it could continue to decline. This week’s crucial bearish trend line is active with resistance near $0.
Ripple price is trading in a downtrend below the $0. 2750 resistance against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2740 and $0. 2750 levels. This week’s crucial bearish trend line is intact with resistance near $0.
Ripple price is trading in a bearish zone below the $0. 2840 resistance against the US dollar. The price is struggling to hold the key support area near the $0. 2700 level. Yesterday’s major bearish trend line is active with resistance near $0.
Ripple price is slowly recovering, but struggling to gain momentum above $0. 2800 against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2820 and $0. 2840 levels. There is a key bearish trend line forming resistance near $0.
Ripple price is showing bearish signs and recently declined below $0. 2980 against the US dollar. The price is currently consolidating losses above $0. 2850 after it traded as low as $0. 2746. There is a short term breakout pattern forming with resistance near $0.
Ripple price started a nasty decline from the $0. 3148 swing high. XRP to USD is currently retreating from $0. 2739, but it is likely to face an increase in selling pressure. Key Takeaways: XRP/USD Ripple price is facing a lot of hurdles on the upside near $0.
Ripple price surged recently above the $0. 3040 and $0. 3120 resistances against the US dollar. The price is currently trimming gains and trading near the $0. 3000 support area. Yesterday’s major bullish trend line is active with support near $0.
Ripple price is holding a couple of important supports near $0. 2980 and $0. 2960 against the US dollar. The price is facing a couple of hurdles near the $0. 3020 and $0. 3040 levels. There is a key breakout pattern forming with resistance near $0.
Ripple price is gaining momentum and it recently climbed above $0. 3000 against the US dollar. The price traded towards the $0. 3050 resistance area and it is currently correcting lower. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
Ripple price is holding an important support area near the $0. 2880 level against the US dollar. The price is facing a lot of hurdles on the upside near the $0. 2940 and $0. 2950 levels. There is a major bearish trend line forming with resistance near $0.
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Ripple price is facing an increase in selling pressure below the $0. 2980 resistance against the US dollar. The price is likely to decline below the $0. 2880 support before it could start a fresh increase.
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Ripple price is trading above the $0. 2980 and $0. 2950 support levels against the US dollar. The price is likely to break the $0. 3060 and $0. 3080 resistance levels in the near term. There is a major rising channel forming with support near $0.
Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair...
Ripple price is currently correcting higher after a sharp decline to $0. 2500 against the US dollar. The price is showing positive signs and is trading nicely above the $0. 2720 level. Yesterday’s highlighted key bearish trend is active with resistance near $0.
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