{"id":394460,"date":"2019-08-28T04:08:22","date_gmt":"2019-08-28T04:08:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=394460"},"modified":"2024-06-11T13:24:48","modified_gmt":"2024-06-11T13:24:48","slug":"ripple-price-xrp-possible-scenarios-and-bigger-picture","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-price-xrp-possible-scenarios-and-bigger-picture\/","title":{"rendered":"Ripple Price (XRP) Possible Scenarios and Bigger Picture"},"content":{"rendered":"
Ripple price is facing a lot of hurdles against the US Dollar and bitcoin<\/a>. XRP price seems to be preparing for a larger wave either above $0.2800 or below $0.2500.<\/em><\/p>\n In the past few days, there was a slow and steady decline in bitcoin, Ethereum<\/a> and XRP against the US Dollar. After testing the key $0.2900 and $0.2920 resistance levels, ripple started a fresh decline. It broke the $0.2800 support level to move back into a bearish zone. Moreover, there was a close below the $0.2750 level and the 100 simple moving average (4-hours).<\/p>\n It opened the doors for more downsides below the $0.2650 support. Finally, the price tested the $0.2580 level and traded as low as $0.2581. Later, the price started an upside correction above the $0.2650 and $0.2700 level. Moreover, there was a break above the 50% Fib retracement level of the major decline from the $0.2919 high to $0.2580 low.<\/p>\n However, the upward move was capped by the $0.2800 resistance level. Additionally, the 61.8% Fib retracement level of the major decline from the $0.2919 high to $0.2580 low acted as a strong resistance. More importantly, there is a crucial bearish trend line forming with resistance near $0.2700 on the 4-hours chart of the XRP\/USD pair. Ripple is now following a bearish path below the $0.2800 and $0.2900 resistances.<\/p>\n There are two possible scenarios – bullish above $0.2800 or bearish below $0.2500. If there is an upside break above $0.2800 and $0.2900, the price could start a strong upward move. The next stops for the bulls might be $0.2920, $0.3000 and $0.3120. Conversely, a downside break below $0.2580 and $0.2500 could accelerate losses in the coming days.<\/p>\nRipple Price Analysis<\/h2>\n