{"id":378121,"date":"2019-04-12T05:00:14","date_gmt":"2019-04-12T05:00:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=378121"},"modified":"2024-06-11T13:39:18","modified_gmt":"2024-06-11T13:39:18","slug":"ripple-xrp-price-sell","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-xrp-price-sell\/","title":{"rendered":"Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies"},"content":{"rendered":"
Ripple price declined heavily below key supports against the US Dollar and bitcoin<\/a>. XRP remains at a risk of more losses towards the $0.3150 or $0.3120 support level.<\/em><\/p>\n After a continuous failure near the $0.3700 resistance, ripple price started a downside move against the US Dollar. The XRP\/USD pair started a significant decline below the $0.3550 and $0.3480 support levels. There was even a close below the $0.3400 support and the 100 hourly simple moving average. Sellers gained control and pushed the price below the $0.3320 support level. The decline was such that the price even broke the key $0.3260-0.3250 support area<\/a>.<\/p>\n A new weekly low was formed at $0.3182 and the price settled into a bearish zone. On the upside, an initial resistance is near the $0.3240 level and the 23.6% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low. There is also a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP\/USD pair. The $0.3260 level was a support earlier and now it could act as a strong resistance for buyers.<\/p>\n Above $0.3260, the next key resistance is near the $0.3310 level. The 61.8% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low is also near the same area. If there is a clear break above the $0.3320 level, the price could recover towards the $0.3440 level. On the other hand, if there is a downside break below $0.3180, there might be a test of the $0.3150 support or even $0.3120.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n