{"id":405363,"date":"2019-11-25T04:30:01","date_gmt":"2019-11-25T04:30:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=405363"},"modified":"2024-06-11T13:34:28","modified_gmt":"2024-06-11T13:34:28","slug":"ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/","title":{"rendered":"Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity"},"content":{"rendered":"<ul>\n<li>Ripple price is down close to 10% and it even traded close to the $0.2000 support against the US dollar.<\/li>\n<li>The price is currently correcting higher, but it is likely to struggle near $0.2180 and $0.2250.<\/li>\n<li>There is a key bearish trend line forming with resistance near $0.2250 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price is likely to resume its decline if it fails to recover above the $0.2250 resistance.<\/li>\n<\/ul>\n<p><em>Ripple price is under a lot of pressure against the US Dollar, similar to <a href=\"https:\/\/uniquehot.com\/2019\/11\/24\/bitcoin-weekly-forecast-btc-aiming-key-6-5k-support\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/2019\/11\/24\/ethereum-price-weekly-forecast-eth-at-risk-of-further-declines\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a>. XRP price remains sell on rallies unless there is a daily close above $0.2350.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past few sessions, there was a nasty drop in ripple below the $0.2350 and $0.2250 support levels against the US Dollar. Moreover, XRP\/USD declined more than 10% and recently tested the main $0.2000 support level.<\/p>\n<p>Finally, a new multi-month low was formed near $0.2003 and the price settled well below the 100 hourly simple moving average. It is currently correcting higher above the $0.2050 and $0.2080 resistance levels.<\/p>\n<p>Besides, the price traded above the 23.6% Fib retracement level of the recent decline from the $0.2349 high to $0.2003 low. However, there are many resistances on the upside, starting with the $0.2180 level.<\/p>\n<p>The 50% Fib retracement level of the recent decline from the $0.2349 high to $0.2003 low is also near the $0.2180 level to act as a resistance. Additionally, there is a key bearish trend line forming with resistance near $0.2250 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Above the trend line resistance, ripple price might attempt a decent recovery. The next key resistance is near the $0.2350 level and the 100 hourly simple moving average.<\/p>\n<p>Therefore, the price must settle above the $0.2350 resistance and the 100 hourly simple moving average to move into a positive zone. Conversely, the price might struggle to climb above $0.2250 and it could resume its decline.<\/p>\n<p>An initial support on the downside is near the $0.2050 level. The main support is near the $0.2000 level, below which there is a risk of a drop towards the $0.1950 support area.<\/p>\n<figure id=\"attachment_405364\" aria-describedby=\"caption-attachment-405364\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-405364\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?resize=1828%2C868\" alt=\"Ripple Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-16.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-405364\" class=\"wp-caption-text\">Ripple Price<\/figcaption><\/figure>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is currently correcting higher, but it is approaching a couple of important resistances near the $0.2180 and $0.2250 level, where sellers are likely to emerge again.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is still placed heavily in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well near the oversold levels.<\/p>\n<p>Major Support Levels \u2013 $0.2050, $0.2020 and $0.2000.<\/p>\n<p>Major Resistance Levels \u2013 $0.2150, $0.2180 and $0.2250.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is down close to 10% and it even traded close to the $0.2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0.2180 and $0.2250. There is a key bearish trend line forming with resistance near $0.2250 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price is likely to resume its decline if it fails to recover above the $0.2250 resistance. Ripple price is under a lot of pressure against the US Dollar, similar to bitcoin and Ethereum. XRP price remains sell on rallies unless there is a daily close above $0.2350. Ripple Price Analysis In the past few sessions, there was a nasty drop in ripple below the $0.2350 and $0.2250 support levels against the US Dollar. Moreover, XRP\/USD declined more than 10% and recently tested the main $0.2000 support level. Finally, a new multi-month low was formed near $0.2003 and the price settled well below the 100 hourly simple moving average. It is currently correcting higher above the $0.2050 and $0.2080 resistance levels. Besides, the price traded above the 23.6% Fib retracement level of the recent decline from the $0.2349 high to $0.2003 low. However, there are many resistances on the upside, starting with the $0.2180 level. The 50% Fib retracement level of the recent decline from the $0.2349 high to $0.2003 low is also near the $0.2180 level to act as a resistance. Additionally, there is a key bearish trend line forming with resistance near $0.2250 on the hourly chart of the XRP\/USD pair. Above the trend line resistance, ripple price might attempt a decent recovery. The next key resistance is near the $0.2350 level and the 100 hourly simple moving average. Therefore, the price must settle above the $0.2350 resistance and the 100 hourly simple moving average to move into a positive zone. Conversely, the price might struggle to climb above $0.2250 and it could resume its decline. An initial support on the downside is near the $0.2050 level. The main support is near the $0.2000 level, below which there is a risk of a drop towards the $0.1950 support area. Looking at the chart, ripple price is currently correcting higher, but it is approaching a couple of important resistances near the $0.2180 and $0.2250 level, where sellers are likely to emerge again. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is still placed heavily in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well near the oversold levels. Major Support Levels \u2013 $0.2050, $0.2020 and $0.2000. Major Resistance Levels \u2013 $0.2150, $0.2180 and $0.2250.<\/p>\n","protected":false},"author":67,"featured_media":169916,"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-405363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity<\/title>\n<meta name=\"description\" content=\"Ripple price is under a lot of pressure against the US Dollar, similar to bitcoin and Ethereum. 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XRP price remains sell on rallies unless there is a daily close above $0.2350.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/\" \/>\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=\"2019-11-25T04:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:34:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.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-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity\",\"datePublished\":\"2019-11-25T04:30:01+00:00\",\"dateModified\":\"2024-06-11T13:34:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/\"},\"wordCount\":422,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.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-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/\",\"name\":\"Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-dives-to-0-20-recovery-presents-sell-opportunity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.jpg?fit=1200%2C741\",\"datePublished\":\"2019-11-25T04:30:01+00:00\",\"dateModified\":\"2024-06-11T13:34:28+00:00\",\"description\":\"Ripple price is under a lot of pressure against the US Dollar, similar to bitcoin and Ethereum. 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