Ripple price started a fresh decline from the %excerpt%.4820 resistance against the US dollar. The price is now trading below %excerpt%.460 and near the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near %excerpt%.4685 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it clears the %excerpt%.4820 and %excerpt%.5000 resistance levels. Ripple price is struggling below %excerpt%.4820 against the US Dollar, similar to bitcoin. XRP price must stay above %excerpt%.4450 to attempt a fresh increase in the near term. Ripple Price Analysis This past week, ripple price saw a bearish reaction from the %excerpt%.4820 zone against the US Dollar. The XRP/USD pair declined below the %excerpt%.4720 support zone to move into a bearish
Topics:
Aayush Jindal considers the following as important: Altcoin News, News, Ripple, Trading, XRP
This could be interesting, too:
Bitcoin Schweiz News writes Die besten Bitcoin-Börsen für die Schweiz: Sortiert nach Trustpilot-Rating
Bitcoin Schweiz News writes Diese Produkte bietet Ripple Labs an: Eine Übersicht über die Innovationen für den Finanzsektor
Bitcoin Schweiz News writes Ripple und die Banken: Kann XRP das globale Finanzsystem revolutionieren?
Bitcoin Schweiz News writes Diese 3 Bitcoin-Börsen sind für Anfänger besonders geeignet
- Ripple price started a fresh decline from the $0.4820 resistance against the US dollar.
- The price is now trading below $0.460 and near the 55 simple moving average (4-hours).
- There was a break below a key bullish trend line with support near $0.4685 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
- The pair could start a steady increase if it clears the $0.4820 and $0.5000 resistance levels.
Ripple price is struggling below $0.4820 against the US Dollar, similar to bitcoin. XRP price must stay above $0.4450 to attempt a fresh increase in the near term.
Ripple Price Analysis
This past week, ripple price saw a bearish reaction from the $0.4820 zone against the US Dollar. The XRP/USD pair declined below the $0.4720 support zone to move into a bearish zone.
The price even traded below the $0.4650 level and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.4685 on the 4-hours chart of the XRP/USD pair. The pair even tested the 50% Fib retracement level of the upward move from the $0.4225 swing low to $0.4813 high.
It is now trading below $0.460 and near the 55 simple moving average (4-hours). An initial support on the downside is near the $0.4520 level.
The next major support is near the $0.4450 level. It is near the 61.8% Fib retracement level of the upward move from the $0.4225 swing low to $0.4813 high. Any more losses could lead the price towards the $0.4220 level, below which the price might even test $0.4000.
On the upside, the price is facing resistance near $0.4620. The next major resistance is near the $0.4820 level. The main resistance is near the $0.500 zone. A clear move above the $0.4820 and $0.5000 resistance zones might start a fresh increase. In the stated case, the price could even surpass the $0.525 resistance. Any more gains might send the price towards the $0.550 resistance.
Ripple Price
Looking at the chart, ripple price is now trading below the $0.470 zone and near the 55 simple moving average (4-hours). Overall, the price could start a steady increase if it clears the $0.4820 and $0.5000 resistance levels.
Technical indicators
4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is below the 50 level.
Key Support Levels – $0.4520, $0.4450 and $0.4220.
Key Resistance Levels – $0.4820 and $0.5000.