{"id":369958,"date":"2019-02-01T05:00:21","date_gmt":"2019-02-01T05:00:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=369958"},"modified":"2024-06-11T13:13:28","modified_gmt":"2024-06-11T13:13:28","slug":"ripple-price-analysis-xrp-rally-unravels-crucial-support-nearby","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unravels-crucial-support-nearby\/","title":{"rendered":"Ripple Price Analysis: XRP Rally Unravels, Crucial Support Nearby"},"content":{"rendered":"
Ripple price failed to hold gains and declined heavily against the US Dollar and Bitcoin. XRP\/USD remains at a risk of more losses as long as it is below $0.3050 and $0.3120.<\/em><\/p>\n Yesterday, we saw a solid rally<\/a> in ripple price above the $0.3200 resistance against the US Dollar. The XRP\/USD pair even broke the $0.3300 resistance and the 100 hourly simple moving average. However, the price faced a strong resistance near the $0.3330 level and later declined sharply. It broke many supports, including $0.3300, $0.3250, $0.3150 and $0.3050. There was also a break below the 61.8% Fib retracement level of the last leg from the $0.2771 low to $0.3338 high. Moreover, there was a close below the $0.3050 support and the 100 hourly SMA.<\/p>\n At the moment, the price is trading just above the $0.2900 and $0.2920 supports. Besides, there is a major bullish trend line in place with support at $0.2920 on the hourly chart of the XRP\/USD pair. The 76.4% Fib retracement level of the last leg from the $0.2771 low to $0.3338 high is also near $0.2905. Therefore, if there is a bearish break below $0.2920 and $0.2905, there could be a sharp decline. The next key support is at $0.2800, below which the price may test $0.2650. On the upside, the price has to break the $0.3050 resistance<\/a> to avoid further losses.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n