Ripple price corrected higher, but struggled to continue above $0.4120. Bitcoin is currently down more than 9%, but XRP to USD is still holding the main $0.3900 support area.

  • There was another test by ripple price of the main $0.3900 support.
  • A crucial bearish trend line is in place with resistance near $0.4105 on the 30-minute chart.
  • XRP must stay above the $0.3900 support to start a decent recovery in the near term.

Ripple Price

Read: Beaxy Review

Ripple Price Analysis (XRP to USD)

In the past two sessions, there was a strong decline in bitcoin price below $10,500. BTC is down close to 10%, but ripple and Ethereum managed to stay above yesterday’s swing low. XR/USD stayed above the $0.3900 support area and it is currently correcting higher.

Ripple Price Analysis (XRP to USD) Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair retested the key $0.3900 support area recently and managed to climb back above $0.4000. There was a break above the $0.4050 level and the 25 simple moving average (30-minute chart).

However, the price struggled to continue higher and formed a swing high at $0.4125. It is currently moving lower and broke the $0.4020 level. Moreover, there was a clear break below the 50% Fib retracement level of the recent leg from the $0.3905 low to $0.4125 high.


The price is now trading below the $0.4000 level and the 25 simple moving average (30-minute chart). An immediate support is near the $0.3950 level plus the 76.4% Fib retracement level of the recent leg from the $0.3905 low to $0.4125 high.

If there are more losses, the price could revisit the main $0.3900 support zone. If the bulls fail to defend the $0.3900 support, there could be sharp downsides in the near term.

The next support is at $0.3780, followed by $0.3750. Any additional losses might push the price towards the $0.3650 support area.

On the upside, there are many barriers for ripple price near the $0.4050 and $0.4100 levels. There is also a crucial bearish trend line in place with resistance near $0.4105 on the same chart. Therefore, a convincing break above $0.4100 and $0.4125 is needed for a decent rebound.

The market data is provided by TradingView, Bitfinex.

Buy Crypto    Trade Crypto
eToro Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


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.

All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.

Leave a reply

Your email address will not be published. Required fields are marked *