Ripple is moving lower from the $0.405 resistance zone against the US Dollar. XRP price is now at a risk of downside break below the $0.37 support.
- Ripple is currently moving lower from the $0.4050 resistance zone against the US dollar.
- The price is now trading above $0.385 and the 100 simple moving average (4-hours).
- There is a key bearish trend line forming with resistance near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair could recover if there is a clear move above the $0.385 and $0.388 resistance levels.
Ripple Price Dips Further
This past week, ripple’s XRP started a fresh decline from the $0.4050 resistance zone against the US Dollar. The price declined below the $0.395 and $0.392 levels to move into a bearish zone.
There was a drop below the $0.380 level and the 100 simple moving average (4-hours). A low is formed near $0.3694 and the price is now consolidating losses. There is a key bearish trend line forming with resistance near $0.3780 on the 4-hours chart of the XRP/USD pair.XRP price is now trading above $0.385 and the 100 simple moving average (4-hours). On the upside, an initial resistance is near the $0.378 zone and the trend line. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.4086 swing high to $0.3694 low.
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