{"id":368825,"date":"2019-01-22T05:00:22","date_gmt":"2019-01-22T05:00:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=368825"},"modified":"2024-06-11T13:33:06","modified_gmt":"2024-06-11T13:33:06","slug":"ripple-price-analysis-xrps-recovery-could-face-major-hurdles","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-analysis-xrps-recovery-could-face-major-hurdles\/","title":{"rendered":"Ripple Price Analysis: XRP\u2019s Recovery Could Face Major Hurdles"},"content":{"rendered":"
Ripple price is slowly recovering against the US Dollar and Bitcoin. However, XRP\/USD is likely to face a lot of hurdles on the upside near the $0.3220 and $0.3250 levels.<\/em><\/p>\n Yesterday, there was a sharp decline<\/a> in ripple price below $0.3300 similar to Ethereum<\/a> and bitcoin<\/a> against the US Dollar. The XRP\/USD pair even broke the $0.3200 support and settled below the 100 hourly simple moving average. It traded close to the $0.3100 level and formed a low at $0.3102. Later, the price started a short term upside correction and traded above $0.3150 and $0.3160. Buyers pushed the price above the 23.6% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low.<\/p>\n Moreover, there was a break above a connecting bearish trend line with resistance at $0.3180 on the hourly chart of the XRP\/USD pair. The pair traded towards the $0.3220 level, which acted as a solid resistance. However, there was no test of the 50% Fib retracement level of the recent slide from the $0.3350 high to $0.3100 low. Therefore, there are chances of more upsides towards the $0.3225 and $0.3250 levels. The price action is still bearish<\/a> and it seems like it won\u2019t be easy for buyers to clear the $0.3220 and $0.3250 resistances.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n