XRP price analysis – Ripple’s XRP is declining and currently under selling pressure below the $0.2200 resistance against the US dollar. The price is currently trading below $0.2150 and it appears it could decline further below $0.2100. There is a critical bearish trend line developing with resistance close to $0.2180 on the hourly chart of the XRP/USD pair.
The chances of a price decline towards the $0.2020 and $0.2000 support levels are quite high. Ripple price is decreasing gradually below the significant supports against the U.S dollar and bitcoin. The price of the coin is like to persist downward, and the bears might aim at $0.2000.
XRP/USD pair is showing a downward trading move below the $0.2200 and $0.2200 resistances. Also, XRP price has lingered long below the $0.2240 resistance and the 100 hourly simple moving average. As a result of this, there was another bearish trend, which saw the price break below the $0.2150 support level.
The price decline to the extent it traded below the $0.2140 support. A new monthly low is created close to the $0.2125 level, while the price is still trading downward with an instant resistance that is close to the $0.2140 level. Moreover, it is close to the 23.6% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low.
While on the upside, the first key resistance is close to the $0.2150 area. Also, the 50% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low is close to the $0.2140 level. The next key resistance area is close to the $0.2180 level.
XRP price predictions – XRP price needs to steer clear off the $0.2150 and $0.2180 resistance levels to begin a decent recovery. However, there are other hurdles on the upside close to the $0.2200 and $0.2220 levels. While on the downside, early support is close to the $0.2110 and $0.2100 levels.
XRP (XRP) Price Today – XRP / USD
If the price of the coin fails to stay above the $0.2100 support, there are odds of a severe decline towards the $0.2000 support area. Transitional support could be close to the $0.2040 level. The MACD for XRP/USD is currently gaining momentum in the bearish zone.
The RSI for XRP/USD is currently descending and moving into the overpraised zone. The major support levels are $0.2110, $0.2100 and $0.2000. While the major resistance levels are $0.2150, $0.2180 and $0.2200.