chart<\/a>, ripple price is now trading in a downtrend below $0.1900 and $0.1920. There are chances of more losses below $0.1840 and $0.1800 unless there is a strong recovery wave above $0.1920.<\/p>\nTechnical Indicators<\/h2>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving into the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting higher towards the 40 level.<\/p>\n
Major Support Levels \u2013 $0.1840, $0.1800 and $0.1780.<\/p>\n
Major Resistance Levels \u2013 $0.1880, $0.1900 and $0.1920.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple is down more than 2% and it broke the $0.1880 support against the US dollar. XRP price is now trading near the $0.1840 support area and it could correct higher. There is a key bearish trend line forming with resistance near $0.1920 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum is also down 2% and it might continue to decline towards the $120 support. Ripple price is gaining bearish momentum below $0.1920 against the US Dollar, similar to bitcoin. XRP might slide further if it breaks the $0.1840 support. Ripple Price Analysis Yesterday, we discussed the chances of a larger breakout in ripple if it breaks $0.2000 against the US Dollar. However, XRP price failed to gain strength above $0.1950 and $0.2000. As a result, there was a fresh decline and the price broke the key $0.1920 and $0.1900 support levels. Moreover, there was a close below $0.1900 and the 100 hourly simple moving average. Finally, the price traded below $0.1880 and tested the $0.1840 support area. A low is formed near $0.1840 and ripple is currently consolidating losses. An initial resistance is seen near the $0.1860 level. Besides, the 23.6% Fib retracement level of the recent slide from the $0.1928 high to $0.1840 low is also near the $0.1860 level. The first key resistance on the upside is near the $0.1880 level. Additionally, the 50% Fib retracement level of the recent slide from the $0.1928 high to $0.1840 low is near the $0.1880 level. More importantly, there is a key bearish trend line forming with resistance near $0.1920 on the hourly chart of the XRP\/USD pair. Therefore, ripple price is clearly facing a lot of hurdles on the upside near the $0.1880 and $0.1900 levels. If there is an upside correction, the bears are likely to protect gains above $0.1900 in the near term. On the downside, an immediate support is near the $0.1840 level. If there is a downside break below $0.1840, the price is likely to accelerate lower towards the $0.1800 and $0.1780 levels. Looking at the chart, ripple price is now trading in a downtrend below $0.1900 and $0.1920. There are chances of more losses below $0.1840 and $0.1800 unless there is a strong recovery wave above $0.1920. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving into the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting higher towards the 40 level. Major Support Levels \u2013 $0.1840, $0.1800 and $0.1780. Major Resistance Levels \u2013 $0.1880, $0.1900 and $0.1920.<\/p>\n","protected":false},"author":67,"featured_media":409568,"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-409566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n
Ripple (XRP) Turned Sell On Rallies, BTC & ETH Dragging Market Lower<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n