{"id":387694,"date":"2019-06-27T04:08:15","date_gmt":"2019-06-27T04:08:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=387694"},"modified":"2024-06-11T13:44:41","modified_gmt":"2024-06-11T13:44:41","slug":"bitcoin-correcting-gains-while-ripple-price-xrp-struggles-to-hold-support","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-correcting-gains-while-ripple-price-xrp-struggles-to-hold-support\/","title":{"rendered":"Bitcoin Correcting Gains While Ripple Price (XRP) Struggles To Hold Support"},"content":{"rendered":"
Ripple price is struggling to hold a few important supports against the US Dollar, while bitcoin is correcting gains. XRP price remains at a risk of more losses below $0.4500.<\/em><\/p>\n Recently, bitcoin price climbed sharply above $13,000<\/a> (as discussed yesterday), but ripple price struggled to gather pace against the US Dollar. The XRP\/USD pair climbed above the $0.4800 level and traded close to the $0.5000 resistance. However, the $0.4950 resistance area acted as a strong hurdle for the bulls. A swing high was formed at $0.4947 and the price recently declined heavily.<\/p>\n There were back to back bearish candles below the $0.3800 support. Ripple price even traded below the $0.3700 support. Finally, there was a close below the $0.4650 level and the 100 hourly simple moving average. A swing low was formed near $0.4521 and the price is currently consolidating losses. An initial resistance is near the $0.4620 level. It coincides with the 23.6% Fib retracement level of the downward move from the $0.4947 high to $0.4521 low.<\/p>\n However, the main resistance is near the broken trend line and $0.4700. Moreover, the 100 hourly simple moving average<\/a> is also positioned near the $0.4700 level. Finally, the 50% Fib retracement level of the downward move from the $0.4947 high to $0.4521 low is at $0.4735 to prevent an upward move. If there is a close above the $0.4750 level, ripple could rise towards the $0.4950 level.<\/p>\n Conversely, if XRP continues to struggle below $0.4700, there could be more downsides. An immediate support is at $0.4520, below which there is a risk of a downside break below the $0.4500 support.<\/p>\nRipple Price Analysis<\/h2>\n