{"id":372832,"date":"2019-02-27T05:00:22","date_gmt":"2019-02-27T05:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=372832"},"modified":"2024-06-11T13:13:52","modified_gmt":"2024-06-11T13:13:52","slug":"ripple-price-analysis-xrp-turned-bearish-again-could-retest-0-3000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-turned-bearish-again-could-retest-0-3000\/","title":{"rendered":"Ripple Price Analysis: XRP Turned Bearish Again, Could Retest $0.3000"},"content":{"rendered":"
Ripple price rally after the Coinbase Pro listing failed to gain pace against the US Dollar and bitcoin. XRP\/USD trimmed most gains and traded below the key $0.3200 support level.<\/em><\/p>\n Yesterday, we saw a sharp upward move<\/a> in ripple price above $0.3200 against the US Dollar. The XRP\/USD pair even broke the $0.3320 resistance level and the 100 hourly simple moving average. However, the price failed to break the $0.3380 and $0.3400 resistance levels. A fresh decline initiated and the price broke the $0.3320 and $0.3220 support levels. There was even a break below the 50% Fib retracement level of the last leg from the $0.2960 low to $0.3388 high.<\/p>\n It opened the doors for more losses and the price broke the $0.3200 support plus the 100 hourly simple moving average. Recently, the price spiked below $0.3140 and the 61.8% Fib retracement level of the last leg from the $0.2960 low to $0.3388 high. However, the $0.3100 support prevented losses and the price is currently consolidating. Moreover, there is a short term breakout pattern formed with resistance at $0.3155 on the hourly chart of the XRP\/USD pair.<\/p>\n The chart suggests that the pair seems to be approaching the next break either below $0.3100 or above $0.3180. On the upside, there are many hurdles near the $0.3180, $0.3200 and $0.3220 levels. A close above $0.3220 could push the price towards the $0.3380 swing high in the near term. On the other hand, if there is a downside break<\/a> below $0.3100, the price could decline sharply. The next key support is at $0.3020, below which the price may retest $0.3000.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n