{"id":368714,"date":"2019-01-21T05:00:54","date_gmt":"2019-01-21T05:00:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=368714"},"modified":"2024-06-11T13:13:24","modified_gmt":"2024-06-11T13:13:24","slug":"ripple-price-analysis-xrp-poised-to-break-0-3000-support","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-analysis-xrp-poised-to-break-0-3000-support\/","title":{"rendered":"Ripple Price Analysis: XRP Poised To Break $0.3000 Support"},"content":{"rendered":"
Ripple price declined sharply below key supports against the US Dollar and Bitcoin. XRP\/USD remains at a risk of more losses below the $0.3050 and $0.3000 support levels.<\/em><\/p>\n This past week, we saw a decent recovery<\/a> above $0.3300 in ripple price against the US Dollar. However, the XRP\/USD pair failed on many occasions to clear the $0.3380 and $0.3400 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.3200 support level. The decline was such that the even broke the key $0.3180 support level and moved into a bearish zone. Finally, there was a close below the $0.3200 support level and the 100 hourly simple moving average.<\/p>\n A low was formed at $0.3102 and later the price started a short term upside correction. It recovered above the $0.3120 and $0.3130 levels. There was a break above the 23.6% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low. However, the previous important support<\/a> near $0.3180 is now acting as a strong barrier for buyers. Moreover, there is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP\/USD pair. Above the trend line, the 50% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low is at $0.3227. Therefore, there are many hurdles formed near $0.3180, $0.3200 and $0.3220.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n