Ripple price failed to surpass the $0.3700 resistance area against the US dollar. XRP is currently testing a crucial support near $0.3500, below which there could be a corrective decrease.

  • Bulls struggled to clear the $0.3680 and $0.3700 resistance levels.
  • There was a break below a key bullish trend line with support near $0.3630 on the 30-minute chart.
  • XRP price could extend the current downside correction if it settled below the $0.3500 support.

Ripple Price

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Ripple Price Analysis

In the past two sessions, there was a fresh downside correction triggered in bitcoin, Ethereum, bitcoin cash, litecoin, cardano, stellar and ripple. XRP price failed to clear the $0.3680 and $0.3700 resistance levels, resulting in a bearish reaction towards the $0.3500 support.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair made another attempt to surpass the $0.3700 and $0.3710 resistance levels. The price tested the $0.3745 level, but it failed to hold gains. Finally, there was a fresh decline below the $0.3680 and $0.3635 support levels.

During the decline, there was a break below a key bullish trend line with support near $0.3630 on the same chart. Besides, there was a close below the $0.3635 support and the 25 simple moving average (30-minute chart).


A swing low was formed at $0.3499 and recently the price corrected above the 23.6% Fib retracement level of the latest downside from the $0.3744 high to $0.3499 low. However, the previous support area near the $0.3635 and $0.3640 levels acted as a resistance.

Moreover, the 50% Fib retracement level of the latest downside from the $0.3744 high to $0.3499 low also capped the rebound. The price is currently moving lower and trading near the key $0.3500 support level.

Should ripple settle below the $0.3500 support level, there are chances of an extended downside correction towards the $0.3400 or $0.3365 support levels. The next key support for XRP buyers is near the $0.3290-0.3300 area. Alternatively, if there is a fresh rebound and buyers push the price above $0.3635, ripple price could revisit the $0.3700 resistance.

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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