{"id":392915,"date":"2019-08-13T04:08:23","date_gmt":"2019-08-13T04:08:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=392915"},"modified":"2024-06-11T13:24:15","modified_gmt":"2024-06-11T13:24:15","slug":"ripple-price-xrp-struggling-to-recover-amid-negative-sentiment","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-xrp-struggling-to-recover-amid-negative-sentiment\/","title":{"rendered":"Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment"},"content":{"rendered":"<ul>\n<li>Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar.<\/li>\n<li>The price is trading with a bearish angle below the $0.3020 and $0.3010 levels.<\/li>\n<li>XRP\/USD is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart (data source from Kraken).<\/li>\n<li>The pair is likely to accelerate losses if it settles below $0.3000 and the 100 hourly SMA.<\/li>\n<\/ul>\n<p><em>Ripple price is struggling to continue higher against the US Dollar, while <a href=\"https:\/\/ktsl888.com\/2019\/08\/12\/bitcoin-btc-price-at-risk-of-more-downsides-below-11200\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> is ranging. XRP price might revisit the $0.2920 level before it could climb again.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, we saw a decent upside correction in ripple price above $0.3000 against the US Dollar. The XRP\/USD pair climbed above the $0.3020 resistance and the 100 hourly simple moving average. Moreover, the price spiked above the $0.3050 level, but it failed to climb above the $0.3060 level. It seems like the negative sentiment around <a href=\"https:\/\/ktsl888.com\/2019\/08\/11\/bitcoin-btc-price-weekly-forecast-risk-of-fresh-drop-to-10500\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/2019\/08\/13\/ethereum-price-eth-resumes-decline-bears-eye-fresh-lows\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> stopped yesterday\u2019s recovery.<\/p>\n<p>XRP price is now trading with a bearish angle below the $0.3020 support. Additionally, there was a break below the 23.6% Fib retracement level of the recent recovery from the $0.2894 low to $0.3060 high. At the moment, the price is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart. Therefore, there is a risk of more losses below $0.3000 and $0.2990 in the near term.<\/p>\n<p>An immediate support is near the $0.2977 level. It represents the 50% Fib retracement level of the recent recovery from the $0.2894 low to $0.3060 high. Having said that, the price action suggests that the price could extend its decline below the $0.2980 and $0.2960 level. Therefore, it could even spike below $0.2950 to test the $0.2920 support level. Conversely, if there is no close below $0.3000, the price could climb higher.<\/p>\n<p>An immediate resistance is near the $0.3020 level, above which the price may perhaps retest the $0.3060 high. Moreover, if there is a break above the $0.3060 high, the price could resume its recovery towards the $0.3100 and $0.3120 levels. The main resistance on the upside is near the $0.3170-0.3180 area.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-392916\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-7.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is clearly struggling to continue higher and is testing the key $0.3000 support area. If the bulls continue to struggle, there are high chances of a fresh decline below the $0.2980 and $0.2950 levels. The main supports on the downside are near $0.2920 and $0.2900.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2980, $0.2950 and $0.2920.<\/p>\n<p>Major Resistance Levels \u2013 $0.3020, $0.3060 and $0.3100.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar. The price is trading with a bearish angle below the $0.3020 and $0.3010 levels. XRP\/USD is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart (data source from Kraken). The pair is likely to accelerate losses if it settles below $0.3000 and the 100 hourly SMA. Ripple price is struggling to continue higher against the US Dollar, while bitcoin is ranging. XRP price might revisit the $0.2920 level before it could climb again. Ripple Price Analysis Yesterday, we saw a decent upside correction in ripple price above $0.3000 against the US Dollar. The XRP\/USD pair climbed above the $0.3020 resistance and the 100 hourly simple moving average. Moreover, the price spiked above the $0.3050 level, but it failed to climb above the $0.3060 level. It seems like the negative sentiment around bitcoin and Ethereum stopped yesterday\u2019s recovery. XRP price is now trading with a bearish angle below the $0.3020 support. Additionally, there was a break below the 23.6% Fib retracement level of the recent recovery from the $0.2894 low to $0.3060 high. At the moment, the price is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart. Therefore, there is a risk of more losses below $0.3000 and $0.2990 in the near term. An immediate support is near the $0.2977 level. It represents the 50% Fib retracement level of the recent recovery from the $0.2894 low to $0.3060 high. Having said that, the price action suggests that the price could extend its decline below the $0.2980 and $0.2960 level. Therefore, it could even spike below $0.2950 to test the $0.2920 support level. Conversely, if there is no close below $0.3000, the price could climb higher. An immediate resistance is near the $0.3020 level, above which the price may perhaps retest the $0.3060 high. Moreover, if there is a break above the $0.3060 high, the price could resume its recovery towards the $0.3100 and $0.3120 levels. The main resistance on the upside is near the $0.3170-0.3180 area. Looking at the chart, ripple price is clearly struggling to continue higher and is testing the key $0.3000 support area. If the bulls continue to struggle, there are high chances of a fresh decline below the $0.2980 and $0.2950 levels. The main supports on the downside are near $0.2920 and $0.2900. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level. Major Support Levels \u2013 $0.2980, $0.2950 and $0.2920. Major Resistance Levels \u2013 $0.3020, $0.3060 and $0.3100.<\/p>\n","protected":false},"author":67,"featured_media":169666,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-392915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to continue higher against the US Dollar, while bitcoin is ranging. 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XRP price might revisit the $0.2920 level before it could climb again.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/ripple-price-xrp-struggling-to-recover-amid-negative-sentiment\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment","og_description":"Ripple price is struggling to continue higher against the US Dollar, while bitcoin is ranging. 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