{"id":388785,"date":"2019-07-05T04:08:39","date_gmt":"2019-07-05T04:08:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=388785"},"modified":"2024-06-11T13:45:03","modified_gmt":"2024-06-11T13:45:03","slug":"ripple-price-xrp-testing-crucial-support-post-bitcoins-correction","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/","title":{"rendered":"Ripple Price (XRP) Testing Crucial Support Post Bitcoin\u2019s Correction"},"content":{"rendered":"<ul>\n<li>Ripple price declined again after it failed to clear the $0.4070 resistance zone against the US dollar.<\/li>\n<li>The price is under a lot of pressure and it recently broke the $0.3950 support area.<\/li>\n<li>There is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price could either break the $0.3840 support or bounce back above $0.3950 in the near term.<\/li>\n<\/ul>\n<p><em>Ripple price failed to continue higher above against the US Dollar after <a href=\"https:\/\/uniquehot.com\/2019\/07\/04\/bitcoin-touched-12k-while-ripple-price-xrp-is-still-consolidating\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> declined from $12,000. XRP price is currently at a risk of more losses below the $0.3840 support area.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, <a href=\"https:\/\/uniquehot.com\/2019\/07\/04\/bitcoin-btc-price-hits-first-target-12-5k-now-in-sight\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price failed to clear the $12,000 resistance<\/a> and declined below $11,500. It sparked bearish moves in ripple price as it failed to clear the $0.4070 level against the US Dollar. The XRP\/USD pair topped near the $0.4065 level and started a fresh decline. It broke the $0.4020 and $0.4000 support levels. Moreover, there was a break below the $0.3950 support plus the 100 hourly simple moving average.<\/p>\n<p>The decline was such that the price tested the main $0.3840 support area. The price is now trading just above the $0.3840 support and it could correct in the short term. An initial resistance is near the $0.3900 level and the 23.6% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. Moreover, there is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Above the channel resistance, the next key resistance is near the $0.3950 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. If there is an upside break above the $0.3950 resistance, there could be a fresh increase towards the $0.4070 level. Conversely, if ripple price fails to correct above $0.4920 or $0.4950, it could slide further.<\/p>\n<p>The main supports are $0.3840 and $0.3820. If there is a downside break below $0.3820, the price could decline heavily. The next major support is near the $0.3750 level, below which there is a risk of more losses towards the $0.3720 level.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-388786\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-4.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is clearly trading just above a crucial support near $0.3840. If the bulls fail to defend more losses, there could be a sharp dip below $0.3800 in the coming sessions.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently declining sharply and it is well below the 40 level.<\/p>\n<p>Major Support Levels \u2013 $0.3840, $0.3820 and $0.3750.<\/p>\n<p>Major Resistance Levels \u2013 $0.3920, $0.3950 and $0.4000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price declined again after it failed to clear the $0.4070 resistance zone against the US dollar. The price is under a lot of pressure and it recently broke the $0.3950 support area. There is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price could either break the $0.3840 support or bounce back above $0.3950 in the near term. Ripple price failed to continue higher above against the US Dollar after bitcoin declined from $12,000. XRP price is currently at a risk of more losses below the $0.3840 support area. Ripple Price Analysis Recently, bitcoin price failed to clear the $12,000 resistance and declined below $11,500. It sparked bearish moves in ripple price as it failed to clear the $0.4070 level against the US Dollar. The XRP\/USD pair topped near the $0.4065 level and started a fresh decline. It broke the $0.4020 and $0.4000 support levels. Moreover, there was a break below the $0.3950 support plus the 100 hourly simple moving average. The decline was such that the price tested the main $0.3840 support area. The price is now trading just above the $0.3840 support and it could correct in the short term. An initial resistance is near the $0.3900 level and the 23.6% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. Moreover, there is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP\/USD pair. Above the channel resistance, the next key resistance is near the $0.3950 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. If there is an upside break above the $0.3950 resistance, there could be a fresh increase towards the $0.4070 level. Conversely, if ripple price fails to correct above $0.4920 or $0.4950, it could slide further. The main supports are $0.3840 and $0.3820. If there is a downside break below $0.3820, the price could decline heavily. The next major support is near the $0.3750 level, below which there is a risk of more losses towards the $0.3720 level. Looking at the chart, ripple price is clearly trading just above a crucial support near $0.3840. If the bulls fail to defend more losses, there could be a sharp dip below $0.3800 in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently declining sharply and it is well below the 40 level. Major Support Levels \u2013 $0.3840, $0.3820 and $0.3750. Major Resistance Levels \u2013 $0.3920, $0.3950 and $0.4000.<\/p>\n","protected":false},"author":67,"featured_media":167743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-388785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price (XRP) Testing Crucial Support Post Bitcoin\u2019s Correction<\/title>\n<meta name=\"description\" content=\"Ripple price failed to continue higher above against the US Dollar after bitcoin declined from $12,000. 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XRP price is currently at a risk of more losses below the $0.3840 support area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-05T04:08:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:45:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple Price (XRP) Testing Crucial Support Post Bitcoin\u2019s Correction\",\"datePublished\":\"2019-07-05T04:08:39+00:00\",\"dateModified\":\"2024-06-11T13:45:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\",\"name\":\"Ripple Price (XRP) Testing Crucial Support Post Bitcoin\u2019s Correction\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\",\"datePublished\":\"2019-07-05T04:08:39+00:00\",\"dateModified\":\"2024-06-11T13:45:03+00:00\",\"description\":\"Ripple price failed to continue higher above against the US Dollar after bitcoin declined from $12,000. 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