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Ripple price is trading with a bearish bias below the $0.3200 pivot level. XRP/USD is likely to continue lower and it might even break the $0.3020 support in the near term.

  • Ripple price struggled to climb back above $0.3250 and extended its decline below $0.3120.
  • There is a crucial bearish trend line forming with resistance near $0.3120 on the 30-minute chart.
  • XRP/USD might continue to move down and it could even trade below $0.3020 and $0.3000.

Ripple Price

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Ripple Price Analysis (XRP to USD)

Yesterday, we saw a solid rise in selling pressure on bitcoin, ripple, cardano, TRX, and Ethereum. XRP/USD was seen following a bearish path after it failed to stay above the $0.3250 and $0.3200 support levels.

Ripple Price Analysis (XRP to USD) Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair gained bearish momentum below $0.3160 and settled well below the 25 simple moving average (30-minute chart). Moreover, there was a break below the $0.3080 support and the price traded towards $0.3020.

A new weekly low was formed at $0.3026 and the price is currently correcting higher. The 23.6% Fib retracement level of the recent drop from the $0.3163 high to $0.3026 low is acting as a short-term hurdle.


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On the upside, there are many hurdles near the $0.3090 and $0.3100 levels. The 50% Fib retracement level of the recent drop from the $0.3163 high to $0.3026 low is also near the $0.3095 level.

More importantly, there is a crucial bearish trend line forming with resistance near $0.3120 on the same chart. To start a convincing recovery, the price must break the trend line and gain momentum above the $0.3150 resistance.

The next important resistances are near $0.3200 and $0.3220. On the flip side, if ripple price fails to correct above $0.3100 or $0.3120, it could extend its decline. An immediate support is near the $0.3020 level.

If XRP price slides below the $0.3020 support, there could be a sharp decline below $0.3000 and $0.2980. Overall, ripple is trading with a bearish bias and its price might decline further below $0.3020.

The market data is provided by TradingView, Bitfinex.


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Posted by Dr. Latika Mehrotra

Ph.D in Data Mining, Blockchain enthusiast, and passionate about technology and science. Professor by profession and loves writing interesting articles about Cryptocurrencies, bitcoin, Ethereum, ripple, Forex and commodities.


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