{"id":374382,"date":"2019-03-12T05:00:03","date_gmt":"2019-03-12T05:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=374382"},"modified":"2024-06-11T13:38:43","modified_gmt":"2024-06-11T13:38:43","slug":"ripple-price-analysis-xrp-buyers-to-defend-key-0-3000-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-buyers-to-defend-key-0-3000-support\/","title":{"rendered":"Ripple Price Analysis: XRP Buyers To Defend Key $0.3000 Support?"},"content":{"rendered":"
Ripple price is grinding lower towards key supports against the US Dollar and bitcoin<\/a>. XRP\/USD is likely to find a strong buying interest near the $0.3000 support level in the near term.<\/em><\/p>\n After ripple price failed to break the $0.3160 resistance, it started a fresh decline against the US Dollar. The XRP\/USD pair declined and broke the $0.3120 and $0.3100 support levels. There was even a close below the $0.3100 support and the 100 hourly simple moving average. Later, the price found support near the $0.3070 level and recovered above $0.3100. However, the $0.3140 level acted as a resistance and the price moved lower once again. It broke the 76.4% Fib retracement level of the last wave from the $0.3076 low to $0.3158 high.<\/p>\n Moreover, yesterday\u2019s major contracting triangle was breached with support at $0.3095 on the hourly chart of the XRP\/USD pair. The pair even broke the $0.3076 swing low and the $0.3070 support level. At the moment, the price is trading near the 1.236 Fib extension level of the last wave from the $0.3076 low to $0.3158 high. Therefore, there is a risk of more losses<\/a> below the $0.3050 support level.<\/p>\n On the upside, the previous supports at $0.3075 and $0.3100 are likely to act as resistances. Besides, the 100 hourly SMA is also near the $0.3100 level to prevent gains. If there is a successful close above the $0.3100 resistance, the price could recover towards the $0.3140 resistance. On the downside, the next support is at $0.3025. It represents the 1.618 Fib extension level of the last wave from the $0.3076 low to $0.3158 high. The main support is at $0.3000, where buyers are likely to take a stand in the near term.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n