{"id":369701,"date":"2019-01-30T05:00:25","date_gmt":"2019-01-30T05:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=369701"},"modified":"2024-06-11T13:13:03","modified_gmt":"2024-06-11T13:13:03","slug":"ripple-price-analysis-xrp-at-clear-risk-of-further-declines","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-at-clear-risk-of-further-declines\/","title":{"rendered":"Ripple Price Analysis: XRP At Clear Risk of Further Declines"},"content":{"rendered":"
Ripple price is facing a lot of hurdles on the upside against the US Dollar and Bitcoin. XRP\/USD is likely to extend the current decline below $0.2800 unless buyers push it above $0.2950.<\/em><\/p>\n Yesterday, there was a minor upside correction<\/a> from the $0.2776 low in ripple price against the US Dollar. The XRP\/USD pair traded above the $0.2800 and $0.2850 levels. It also moved above the 38.2% Fib retracement level of the last decline from the $0.3070 high to $0.2776 low. However, the price failed to gain strength above the $0.2950 resistance and remained below the 100 hourly simple moving average. Later, there was a fresh decline and the price traded below $0.2900.<\/p>\n Sellers pushed the price below the 61.8% Fib retracement level of the recent wave from the $0.2776 low to $0.2946 high. The current price is slightly bearish, with many hurdles on the upside near $0.2900 and $0.2950. There are also two bearish trend lines in place with resistance near $0.2900 on the hourly chart of the XRP\/USD pair. A clear break and close above these trend lines is needed for a recovery above $0.3000. If not, there is a risk of a downside break<\/a> below the $0.2820 support level. It may even break the 76.4% Fib retracement level of the recent wave from the $0.2776 low to $0.2946 high.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n