Ripple News Today – Technical Charts Show that Ripple XRP Might Face More Downside Pressure Near-term – May 13th, 2020
发布时间：2020-05-14 09:14:21 发布人：TokenString
Ripple News Today – Since the bloody weekend, the price of XRP has been unable to retest the $0.20 level. About two weeks ago, the token was trading higher against the USD. It moved above the $0.22 level turning this long-term resistance into a support against the USD. Unfortunately, as the price of Bitcoin BTC started to lose momentum towards the weekend, the XRP token followed its lead. The price of XRP fell below the $0.22 level again. At the time, we noted that the XRP token would have difficulty retesting the $0.22. The XRP technical analysis shows that the bears are still in control of the market.
Ripple News Today – Ripple XRP Price Analysis and Prediction
This morning, the price of Ripple XRP fell below the trendline support at $0.198. At the time of writing, the token was trading at $0.197652. Even if it is trading in green, it is just up by 0.65% against the USD and down by 1.11% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,950,762,952 and the market capitalization is $8,718,993,743. The fall below the $0.198 level proved that the uptrend was over short-term, confirming that the bulls have taken full control of the market.
XRP (XRP) Price Today – XRP / USD
#
Name
Price
24H %
3
XRP(XRP)
$0.2015
1.09%
Right now, the $0.190 level is acting as strong support against lower lows. At the same time, there is strong resistance at $0.200. So, if the price of XRP falls below the $0.190 level any time soon, there is a chance that it is going to retest the $0.15 level which it was stuck in weeks two months ago. On the other hand, if the bulls are able to build enough momentum to take XRP above the $0.199 support, it might retest the $0.20. Moving above the $0.20 level will take the XRP token back to the strong resistance at $0.22. This will most likely lead to higher highs.
XRP Price Prediction – Ripple XRP Price Prediction 2020
Unfortunately, the XRP technical analysis shows that the token is more likely to move lower short-term instead of moving higher. The only thing that can save the Ripple XRP token is an overall cryptocurrency bull run. If the price of Bitcoin BTC can regain its bullish momentum against the USD, it will most likely drag XRP and every other cryptocurrency along like it did two weeks ago when the price of XRP moved above the $0.22 level.
Ripple News Today – Since the bloody weekend, the price of XRP has been unable to retest the $0.20 level. About two weeks ago, the token was trading higher against the USD. It moved above the $0.22 level turning this long-term resistance into a support against the USD. Unfortunately, as the price of Bitcoin BTC started to lose momentum towards the weekend, the XRP token followed its lead. The price of XRP fell below the $0.22 level again. At the time, we noted that the XRP token would have difficulty retesting the $0.22. The XRP technical analysis shows that the bears are still in control of the market.
Ripple News Today – Ripple XRP Price Analysis and Prediction
This morning, the price of Ripple XRP fell below the trendline support at $0.198. At the time of writing, the token was trading at $0.197652. Even if it is trading in green, it is just up by 0.65% against the USD and down by 1.11% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,950,762,952 and the market capitalization is $8,718,993,743. The fall below the $0.198 level proved that the uptrend was over short-term, confirming that the bulls have taken full control of the market.
XRP (XRP) Price Today – XRP / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 3 |
|
$0.2015 |
1.09%
|
Right now, the $0.190 level is acting as strong support against lower lows. At the same time, there is strong resistance at $0.200. So, if the price of XRP falls below the $0.190 level any time soon, there is a chance that it is going to retest the $0.15 level which it was stuck in weeks two months ago. On the other hand, if the bulls are able to build enough momentum to take XRP above the $0.199 support, it might retest the $0.20. Moving above the $0.20 level will take the XRP token back to the strong resistance at $0.22. This will most likely lead to higher highs.
XRP Price Prediction – Ripple XRP Price Prediction 2020
Unfortunately, the XRP technical analysis shows that the token is more likely to move lower short-term instead of moving higher. The only thing that can save the Ripple XRP token is an overall cryptocurrency bull run. If the price of Bitcoin BTC can regain its bullish momentum against the USD, it will most likely drag XRP and every other cryptocurrency along like it did two weeks ago when the price of XRP moved above the $0.22 level.
