Ripple Price Analysis: XRP moving towards danger zone.

6 months ago

Technical Indicators

Support Level – $0.3000

Resistance Level – $0.3040

Key Points:

  • Ripple price declined and broke the $0.3100 and $0.3070 supports.
  • There is a noteworthy bearish pattern line set up with resistance at $0.3030 on the hourly chart of the XRP/USD.
  • The pair stays in danger of more misfortunes beneath the $0.3000 support region in the close term.

Ripple price tumbled and broke key supports against the US Dollar and Bitcoin. XRP/USD could quicken misfortunes towards the $0.2920 support in the coming sessions.

Ripple Price Analysis

Ripple price confronted a massive selling pressure pushing it beneath $0.3100. The pair broke the $0.3070 support and the 100 SMA. Sellers pushed the price underneath the $0.3050 and $0.3020 support levels. A new low was framed close $0.3000 and the price stays in danger of more losses.

XRPUSD Price Chart 28 January

Right now, the price is in a bearish momentum underneath $0.3020. There is a noteworthy bearish pattern line set up with resistance at $0.3030 on the hourly chart. Taking a gander at the chart, ripple price is under selling pressure underneath $0.3040. The major support is close to the $0.2920 level, where buyers are probably going to show up.

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