chart<\/a>, ripple price is clearly trading near important resistances near $0.3060 and $0.3070. There may be a short term upside break, but the price remains in a bearish zone as long as it is below $0.3100. On the downside, if there is a break below the $0.3020 support, there could be heavy losses towards $0.3000 or $0.2920.<\/p>\nTechnical Indicators<\/h2>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slightly placed in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently just above the 40 level.<\/p>\n
Major Support Levels \u2013 $0.3030, $0.3020 and $0.3000.<\/p>\n
Major Resistance Levels \u2013 $0.3065, $0.3080 and $0.3100.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple price recovered recently, but it failed to break the $0.3120 resistance against the US dollar. The price is slowly declining and it is currently trading well below the $0.3100 level. There is a crucial bearish trend line formed with resistance at $0.3065 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair might continue to slide and it could revisit the $0.3020 support level in the near term. Ripple price is currently under pressure against the US Dollar and bitcoin. XRP\/USD is facing a strong resistance near $0.3070 and it may extend its decline towards $0.3020. Ripple Price Analysis After testing the $0.3000 support, ripple price started a short term rebound against the US Dollar. The XRP\/USD pair traded above the $0.3050 and $0.3080 resistance levels. The price even traded above the $0.3100 level, but it faced a strong resistance near the $0.3120 level. Besides, the price even failed to test the $0.3120 level and the 100 hourly simple moving average. A high was formed at $0.3113 and later the price started a downside move. It traded below the $0.3080 and $0.3060 support levels. A low was formed at $0.3031 and the price is currently correcting higher. It is trading above the 23.6% Fib retracement level of the last decline from the $0.3113 high to $0.3031 low. However, the previous support near the $0.3060 level is acting as a resistance. There is also a crucial bearish trend line formed with resistance at $0.3065 on the hourly chart of the XRP\/USD pair. Above the trend line, the next resistance is near the $0.3080 level. It coincides with the 61.8% Fib retracement level of the last decline from the $0.3113 high to $0.3031 low. However, the main resistance is near the $0.3100 level and the 100 hourly SMA. Therefore, even if the price breaks the $0.3065 resistance, it is likely to struggle near $0.3080 or $0.3100. On the downside, an immediate support is near the $0.3030 level, below which the price may revisit the $0.3020 support level. Looking at the chart, ripple price is clearly trading near important resistances near $0.3060 and $0.3070. There may be a short term upside break, but the price remains in a bearish zone as long as it is below $0.3100. On the downside, if there is a break below the $0.3020 support, there could be heavy losses towards $0.3000 or $0.2920. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently just above the 40 level. Major Support Levels \u2013 $0.3030, $0.3020 and $0.3000. Major Resistance Levels \u2013 $0.3065, $0.3080 and $0.3100.<\/p>\n","protected":false},"author":67,"featured_media":328927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-375865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n
Ripple Price Analysis: XRP Facing Uphill Task With Sellers In Control<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n