{"id":388785,"date":"2019-07-05T04:08:39","date_gmt":"2019-07-05T04:08:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=388785"},"modified":"2024-06-11T13:45:03","modified_gmt":"2024-06-11T13:45:03","slug":"ripple-price-xrp-testing-crucial-support-post-bitcoins-correction","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/","title":{"rendered":"Ripple Price (XRP) Testing Crucial Support Post Bitcoin\u2019s Correction"},"content":{"rendered":"
Ripple price failed to continue higher above against the US Dollar after bitcoin<\/a> declined from $12,000. XRP price is currently at a risk of more losses below the $0.3840 support area.<\/em><\/p>\n Recently, bitcoin price failed to clear the $12,000 resistance<\/a> and declined below $11,500. It sparked bearish moves in ripple price as it failed to clear the $0.4070 level against the US Dollar. The XRP\/USD pair topped near the $0.4065 level and started a fresh decline. It broke the $0.4020 and $0.4000 support levels. Moreover, there was a break below the $0.3950 support plus the 100 hourly simple moving average.<\/p>\n The decline was such that the price tested the main $0.3840 support area. The price is now trading just above the $0.3840 support and it could correct in the short term. An initial resistance is near the $0.3900 level and the 23.6% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. Moreover, there is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP\/USD pair.<\/p>\n Above the channel resistance, the next key resistance is near the $0.3950 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.4065 high to $0.3837 low. If there is an upside break above the $0.3950 resistance, there could be a fresh increase towards the $0.4070 level. Conversely, if ripple price fails to correct above $0.4920 or $0.4950, it could slide further.<\/p>\n The main supports are $0.3840 and $0.3820. If there is a downside break below $0.3820, the price could decline heavily. The next major support is near the $0.3750 level, below which there is a risk of more losses towards the $0.3720 level.<\/p>\nRipple Price Analysis<\/h2>\n