{"id":375343,"date":"2019-03-20T05:00:15","date_gmt":"2019-03-20T05:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=375343"},"modified":"2024-06-11T13:38:52","modified_gmt":"2024-06-11T13:38:52","slug":"ripple-price-analysis-xrp-could-decline-to-0-3000-as-sellers-take-control","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-could-decline-to-0-3000-as-sellers-take-control\/","title":{"rendered":"Ripple Price Analysis: XRP Could Decline To $0.3000 As Sellers Take Control"},"content":{"rendered":"
Ripple price seems to be moving into a bearish zone against the US Dollar and bitcoin<\/a>. XRP\/USD is likely to revisit the $0.3000 support before it could start a solid rebound.<\/em><\/p>\n Recently, we saw a slow and steady downside correction in ripple price from the $0.3200 resistance against the US Dollar. The XRP\/USD pair declined below the $0.3180 and $0.3150 support levels to move into a short term bearish zone. There was also a close below the $0.3150 support and the 100 hourly simple moving average. The recent decline found support near the $0.3100 level and later the price started an upside correction.<\/p>\n The price recovered above the $0.3120 level and the 50% Fib retracement level of the recent decline from the $0.3182 high to $0.3103 low. There was a push above the $0.3135 level, but the price faced a strong resistance<\/a> near the $0.3150 level. The stated $0.3150 level was a support earlier and now it is acting as a resistance. Besides, the price failed to clear the 61.8% Fib retracement level of the recent decline from the $0.3182 high to $0.3103 low.<\/p>\n More importantly, there is a major bearish trend line in place with resistance at $0.3140 on the hourly chart of the XRP\/USD pair. The trend line is close to the $0.3150 resistance and the 100 hourly SMA. Therefore, it won\u2019t be easy for buyers to clear the $0.3140 and $0.3150 resistance levels. If they succeed, the price may grind higher towards the $0.3200 resistance area. On the other hand, a continuous failure to clear the $0.3150 resistance could result in a sharp decline.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n