{"id":369435,"date":"2019-01-28T05:00:19","date_gmt":"2019-01-28T05:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=369435"},"modified":"2024-06-11T13:33:12","modified_gmt":"2024-06-11T13:33:12","slug":"ripple-price-analysis-xrp-could-accelerate-losses-below-0-3000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-could-accelerate-losses-below-0-3000\/","title":{"rendered":"Ripple Price Analysis: XRP Could Accelerate Losses Below $0.3000"},"content":{"rendered":"
Ripple price tumbled and broke key supports against the US Dollar and Bitcoin. XRP\/USD could accelerate losses towards the $0.2920 support in the coming sessions.<\/em><\/p>\n This past week, there were mostly range moves<\/a>, with a bearish formation below $0.3200 in ripple price against the US Dollar. The XRP\/USD pair recently faced an increased selling pressure, resulting in more losses below $0.3100. The pair broke the $0.3070 support and the 100 hourly simple moving average. Sellers gained paced and pushed the price below the $0.3050 and $0.3020 supports as well. A new low was formed near $0.3000 and the price remains at a risk of more losses.<\/p>\n At the moment, the price is gaining bearish momentum below $0.3020. An initial resistance is at the 23.6% Fib retracement level of the recent slide from the $0.3075 high to $0.2997 low. Moreover, there is a major bearish trend line in place with resistance at $0.3030 on the hourly chart of the XRP\/USD pair. It seems like the trend line and $0.3032 level may act as a solid barrier<\/a>. Above these, the 50% Fib retracement level of the recent slide from the $0.3075 high to $0.2997 low is near $0.3036. Therefore, it seems like the $0.3030-0.3040 area might act as a solid barrier for buyers in the coming sessions.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n