{"id":407548,"date":"2019-12-17T04:28:38","date_gmt":"2019-12-17T04:28:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=407548"},"modified":"2024-06-11T13:14:44","modified_gmt":"2024-06-11T13:14:44","slug":"ripple-xrp-landslide-to-continue-eth-down-6-btc-breaks-7k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-landslide-to-continue-eth-down-6-btc-breaks-7k\/","title":{"rendered":"Ripple (XRP) Landslide To Continue: ETH Down 6%, BTC Breaks $7K"},"content":{"rendered":"
Ripple price is declining heavily against the US Dollar and bitcoin<\/a>. XRP price remains at a risk of another landslide below the $0.2000 support area.<\/em><\/p>\n In the past few hours, there was a strong bearish wave in ripple, Ethereum<\/a>, EOS<\/a>, and a few other altcoins against the US Dollar. XRP price broke the main $0.2150 and $0.2120 support levels to move further into a bearish zone.<\/p>\n Furthermore, there was a close below $0.2100 and the 100 hourly simple moving average. The price even spiked below the $0.2050 support.<\/p>\n More importantly, there was a break below a couple of bearish continuation patterns with support near $0.2120 and $0.2050 on the hourly chart of the XRP\/USD pair. The pair traded close to the $0.2000 support area and the recent low is near $0.2018.<\/p>\n The current price action suggests very less chances of an upside correction above $0.2040 in the short term. The first key resistance is near the $0.2050 level. It is near the 23.6% Fib retracement level of the recent slide from the $0.2185 high to $0.2018 low.<\/p>\n If ripple price corrects above the $0.2050 and $0.2060 levels, there are chances of further gains. The next major resistance is near the $0.2100 area. Moreover, the 50% Fib retracement level of the recent slide from the $0.2185 high to $0.2018 low is also near $0.2108.<\/p>\n Conversely, the price could continue to slide below the $0.2020 and $0.2000 support levels. In the mentioned bearish case, the price is likely to slide below the $0.1980 support area. The next major support is near the $0.1960 level.<\/p>\nRipple Price Analysis<\/h2>\n