Ripple price extended the downside correction below the $0.3100 support. XRP tested the $0.3000 support area and bounced back above $0.3050, with a bullish angle.

  • Ripple price traded below the $0.3100 and $0.3050 support levels before buyers protected $0.3000.
  • There is a crucial bearish trend line formed with resistance at $0.3090 on the 30-minute chart.
  • XRP could bounce back if it breaks the $0.3080 and $0.3100 resistance levels.

Ripple XRP Price

Ripple Price Analysis

There was a slow and steady decline in ripple price from well above the $0.3150 level. XRP to USD declined below the $0.3120 and $0.3100 support levels to move into a bearish zone.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair even broke the $0.3050 support and the 25 simple moving average (30-minute). However, the $0.3000-0.3010 area acted as a strong support and prevented further declines.

A low was formed at $0.3010 and later the price bounced back above $0.3040 and $0.3050. It is currently trading near the $0.3070 level, the 25 simple moving average (30-minute), and the 50% Fib retracement level of the recent drop from the $0.3126 high to $0.3010 low.


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However, the main resistance on the upside is near the $0.3100 area. There is also a crucial bearish trend line formed with resistance at $0.3090 on the same chart. The trend line coincides with the 61.8% Fib retracement level of the recent drop from the $0.3126 high to $0.3010 low.

If there is a successful break above $0.3100, the price could surpass the $0.3126 swing high for a decent upward move. The next key resistance above $0.3126 is near the $0.3160 and $0.3165 levels. On the flip side, if buyers fail to gain strength above $0.3100, the price could decline once again.

An initial support is near the $0.3050 level, below which ripple price will most likely revisit the $0.3000 support area. The overall price action is positive as long as XRP is trading above $0.3000 and Ethereum price stays above $120.00.

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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