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Ripple price tested the last swing low and support at $0.3905, and recently corrected higher. Bitcoin and Ethereum are struggling to recover, which could cap upsides in XRP/USD in the near term.

  • After another decline, ripple price found support near the $0.3900 area.
  • XRP is currently testing a major bearish trend line with resistance near $0.4145 on the 30-minute chart.
  • The price could either surge above $0.4200 or decline back towards the $0.3900 support.

Ripple Price

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Ripple Price Analysis (XRP to USD)

In the past few hours, bitcoin extended losses and revisited the $11,000 support. Similarly, there was a downward move in ripple price below the $0.4100 and $0.4000 support levels. However, the last swing low and support near $0.3905 acted as a strong barrier for sellers once again.

Ripple Price Analysis (XRP to USD) Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as low as $0.3901 and it recently started a fresh upward move. There was a break above the $0.3980 resistance and the 25 simple moving average (30-minute chart).

The price even climbed above the 50% Fib retracement level of the downward move from the $0.4294 high to $0.3901 low. However, the price ran into a major resistance area near $0.4145.


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Besides, the price is currently testing a major bearish trend line with resistance near $0.4145 on the same chart. Additionally, the 61.8% Fib retracement level of the downward move from the $0.4294 high to $0.3901 low is also acting as a hurdle for the bulls.

If there is an upside break above the $0.4150 level, ripple price could rally above the $0.4200 resistance. The next resistance is near the $0.4290 swing high, above which the price is likely to climb towards the $0.4420 resistance area.

Conversely, if the price fails to break the trend line and $0.4150, it could start another decline. An immediate support is near the $0.4050 level and the 25 simple moving average (30-minute chart).

If ripple price fails to hold the $0.4050 support, it could retest the main $0.3900 support area. Any further downside might put a lot of pressure on XRP buyers.

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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