{"id":372186,"date":"2019-02-21T05:00:16","date_gmt":"2019-02-21T05:00:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=372186"},"modified":"2024-06-11T13:13:50","modified_gmt":"2024-06-11T13:13:50","slug":"ripple-price-analysis-xrp-trading-near-make-or-break-levels","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-trading-near-make-or-break-levels\/","title":{"rendered":"Ripple Price Analysis: XRP Trading Near Make-or-Break Levels"},"content":{"rendered":"
Ripple price is consolidating above key supports against the US Dollar and bitcoin. XRP\/USD needs to overcome sellers near $0.3345 to climb higher once again in the near term.<\/em><\/p>\n Yesterday, we saw the start of a downside correction<\/a> from the $0.3460 high in ripple price against the US Dollar. The XRP\/USD pair declined below the $0.3300 and $0.3200 support levels. The decline was strong, but the $0.3150 support acted as a barrier for sellers. There was no close below $0.3150 and the price remained well above the 100 hourly simple moving average. A low was formed at $0.3158 and later the price started a fresh upward move. It climbed above the 23.6% Fib retracement level of the last drop from the $0.3460 high to $0.3158 low.<\/p>\n Later, there was a spike above the $0.3300 resistance level. However, there was no close above the $0.3300-0.3310 resistance zone. The price even failed to stay above the 50% Fib retracement level of the last drop from the $0.3460 high to $0.3158 low. On the upside, there are two connecting bearish trend lines in place with resistance near $0.3280 on the hourly chart of the XRP\/USD pair. Buyers need to take out $0.3280 and $0.3300 levels to start a fresh upward move.<\/p>\n On the downside, this week\u2019s followed key bullish trend line<\/a> is in place with support near $0.3250 on the same chart. If there is a downside break below the $0.3250 and $0.3220 supports, there could be more losses. The next key support is near $0.3160 and the 100 hourly simple moving average.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n