{"id":394574,"date":"2019-08-29T04:08:42","date_gmt":"2019-08-29T04:08:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=394574"},"modified":"2024-06-11T13:13:57","modified_gmt":"2024-06-11T13:13:57","slug":"ripple-price-xrp-bearish-scenario-active-btc-eth-nosedives","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-xrp-bearish-scenario-active-btc-eth-nosedives\/","title":{"rendered":"Ripple Price (XRP) Bearish Scenario Active: BTC &amp; ETH Nosedives"},"content":{"rendered":"<ul>\n<li>Ripple price is trading in a bearish zone and recently broke the $0.2500 support against the US dollar.<\/li>\n<li>Bitcoin price is down around 5% and Ethereum price declined close to 10%.<\/li>\n<li>There is a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>It seems like yesterday\u2019s discussed bearish scenario is active and the price could soon test $0.2400.<\/li>\n<\/ul>\n<p><em>Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to <a href=\"https:\/\/ktsl888.com\/2019\/08\/28\/bitcoin-btc-price-recovery-wont-be-easy\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price is likely to extend its decline below $0.2450 and $0.2420.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, we discussed <a href=\"https:\/\/ktsl888.com\/2019\/08\/28\/ripple-price-xrp-possible-scenarios-and-bigger-picture\/\" target=\"_blank\" rel=\"noopener noreferrer \">possible scenarios and bigger picture for ripple<\/a> against the US Dollar. XRP price failed to climb above the main $0.2750 and $0.2800 resistance levels. Moreover, it settled below the $0.2750 level and the 100 hourly simple moving average. As a result, the bears took control and pushed the price further lower below the $0.2650 and $0.2600 support.<\/p>\n<p>The bearish scenario seems to be active as the price even broke the $0.2580 and $0.2500 supports to hit most targets as discussed in yesterday\u2019s post. The price traded as low as $0.2461 before starting an upside correction. It recovered above the $0.2550 level plus the 23.6% Fib retracement level of the recent drop from the $0.2702 high to $0.2461 low.<\/p>\n<p>However, there are many hurdles on the upside, starting with $0.2580. The stated $0.2580 level was a support earlier and now it could stop the upside. Moreover, it coincides with the 50% Fib retracement level of the recent drop from the $0.2702 high to $0.2461 low. There is also a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, the price is likely to struggle to surpass the $0.2580 and $0.2600 resistance levels. On the downside, an immediate support is near the $0.2500 level. If there is a fresh decline below $0.2500, the price could continue to move down towards the $0.2460 and $0.2420 levels. The next major support for the bulls is near the $0.2400 level.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-394575\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.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-19.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-19.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 showing a lot of bearish signs below the $0.2650 resistance level. Therefore, there are high chances of another downward drift towards the $0.2450 and $0.2420 support levels. On the upside, a close above $0.2580 and $0.2600 is needed for a decent recovery.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly reducing its recent bearish slope.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is struggling to move back above the 30 level.<\/p>\n<p>Major Support Levels \u2013 $0.2500, $0.2450 and $0.2420.<\/p>\n<p>Major Resistance Levels \u2013 $0.2580, $0.2600 and $0.2650.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is trading in a bearish zone and recently broke the $0.2500 support against the US dollar. Bitcoin price is down around 5% and Ethereum price declined close to 10%. There is a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP\/USD pair (data source from Kraken). It seems like yesterday\u2019s discussed bearish scenario is active and the price could soon test $0.2400. Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to bitcoin. XRP price is likely to extend its decline below $0.2450 and $0.2420. Ripple Price Analysis Yesterday, we discussed possible scenarios and bigger picture for ripple against the US Dollar. XRP price failed to climb above the main $0.2750 and $0.2800 resistance levels. Moreover, it settled below the $0.2750 level and the 100 hourly simple moving average. As a result, the bears took control and pushed the price further lower below the $0.2650 and $0.2600 support. The bearish scenario seems to be active as the price even broke the $0.2580 and $0.2500 supports to hit most targets as discussed in yesterday\u2019s post. The price traded as low as $0.2461 before starting an upside correction. It recovered above the $0.2550 level plus the 23.6% Fib retracement level of the recent drop from the $0.2702 high to $0.2461 low. However, there are many hurdles on the upside, starting with $0.2580. The stated $0.2580 level was a support earlier and now it could stop the upside. Moreover, it coincides with the 50% Fib retracement level of the recent drop from the $0.2702 high to $0.2461 low. There is also a key bearish trend line forming with resistance near $0.2610 on the hourly chart of the XRP\/USD pair. Therefore, the price is likely to struggle to surpass the $0.2580 and $0.2600 resistance levels. On the downside, an immediate support is near the $0.2500 level. If there is a fresh decline below $0.2500, the price could continue to move down towards the $0.2460 and $0.2420 levels. The next major support for the bulls is near the $0.2400 level. Looking at the chart, ripple price is showing a lot of bearish signs below the $0.2650 resistance level. Therefore, there are high chances of another downward drift towards the $0.2450 and $0.2420 support levels. On the upside, a close above $0.2580 and $0.2600 is needed for a decent recovery. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly reducing its recent bearish slope. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is struggling to move back above the 30 level. Major Support Levels \u2013 $0.2500, $0.2450 and $0.2420. Major Resistance Levels \u2013 $0.2580, $0.2600 and $0.2650.<\/p>\n","protected":false},"author":67,"featured_media":165656,"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-394574","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) Bearish Scenario Active: BTC &amp; ETH Nosedives<\/title>\n<meta name=\"description\" content=\"Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to bitcoin. 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XRP price is likely to extend its decline below $0.2450 and $0.2420.","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-bearish-scenario-active-btc-eth-nosedives\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price (XRP) Bearish Scenario Active: BTC &amp; ETH Nosedives","og_description":"Ripple price is under a lot of pressure below $0.2650 against the US Dollar, similar to bitcoin. 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