{"id":375992,"date":"2019-03-26T05:00:56","date_gmt":"2019-03-26T05:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=375992"},"modified":"2024-06-11T13:38:58","modified_gmt":"2024-06-11T13:38:58","slug":"ripple-price-analysis-xrp-bears-target-0-2800-post-downside-break","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-bears-target-0-2800-post-downside-break\/","title":{"rendered":"Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break"},"content":{"rendered":"<ul>\n<li>Ripple price remained in a bearish zone and declined below the key $0.3060 support against the US dollar.<\/li>\n<li>Bears remain in action as they managed to push the price below the $0.3000 support.<\/li>\n<li>Yesterday\u2019s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is currently correcting higher, but bears remain in control below $0.3040 and $0.3060.<\/li>\n<\/ul>\n<p><em>Ripple price declined heavily and broke many supports against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/03\/25\/bitcoin-btc-price-wont-go-quietly-risk-of-break-grows\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP\/USD is currently in a strong downtrend and it could continue to move down towards $0.2920 or $0.2800.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past few hours, there was a strong decline in ripple price from the <a href=\"https:\/\/wncen.com\/2019\/03\/25\/ripple-price-analysis-xrp-facing-uphill-task-with-sellers-in-control\/\" target=\"_blank\" rel=\"noopener noreferrer \">$0.3100 resistance<\/a> against the US Dollar. The XRP\/USD pair failed to hold the $0.3080 and $0.3060 support levels and entered a bearish zone. There was a sharp decline below the $0.3040 support and the price settled well below the 100 hourly SMA. Sellers gained control and pushed the price below the $0.3000 support as well.<\/p>\n<p>A new weekly low was formed at $0.2980 and the price is currently correcting higher. The price moved above the $0.3000 support level. Moreover, it cleared the 23.6% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. However, there are many hurdles for buyers near the $0.3040 level. An initial resistance is $0.3025 and the 50% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. More importantly, yesterday\u2019s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>If there is an upside break above the $0.3035 level, the price could trade towards the key $0.3060 resistance. The 100 hourly simple moving average is also positioned near the $0.3070 level to act as a barrier for buyers. Therefore, if the price corrects higher, it is likely to face a strong selling interest near the $0.3035 or $0.3060 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-375993\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is under a lot of selling pressure and it is in a strong downtrend below $0.3080. On the downside, if the price declines below the recent low of $0.2980, there could be a sharp drop towards $0.2920 or $0.2880. Besides, if sellers remain in action, there are chances of a test of the $0.2800 support level. On the upside, only a close above $0.3060 and the 100 hourly SMA might decrease selling pressure.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently above the 40 level, but below 50.<\/p>\n<p>Major Support Levels \u2013 $0.3000, $0.2980 and $0.2920.<\/p>\n<p>Major Resistance Levels \u2013 $0.3035, $0.3060 and $0.3070.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price remained in a bearish zone and declined below the key $0.3060 support against the US dollar. Bears remain in action as they managed to push the price below the $0.3000 support. Yesterday\u2019s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is currently correcting higher, but bears remain in control below $0.3040 and $0.3060. Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. XRP\/USD is currently in a strong downtrend and it could continue to move down towards $0.2920 or $0.2800. Ripple Price Analysis In the past few hours, there was a strong decline in ripple price from the $0.3100 resistance against the US Dollar. The XRP\/USD pair failed to hold the $0.3080 and $0.3060 support levels and entered a bearish zone. There was a sharp decline below the $0.3040 support and the price settled well below the 100 hourly SMA. Sellers gained control and pushed the price below the $0.3000 support as well. A new weekly low was formed at $0.2980 and the price is currently correcting higher. The price moved above the $0.3000 support level. Moreover, it cleared the 23.6% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. However, there are many hurdles for buyers near the $0.3040 level. An initial resistance is $0.3025 and the 50% Fib retracement level of the recent decline from the $0.3065 high to $0.2980 low. More importantly, yesterday\u2019s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP\/USD pair. If there is an upside break above the $0.3035 level, the price could trade towards the key $0.3060 resistance. The 100 hourly simple moving average is also positioned near the $0.3070 level to act as a barrier for buyers. Therefore, if the price corrects higher, it is likely to face a strong selling interest near the $0.3035 or $0.3060 level. Looking at the chart, ripple price is under a lot of selling pressure and it is in a strong downtrend below $0.3080. On the downside, if the price declines below the recent low of $0.2980, there could be a sharp drop towards $0.2920 or $0.2880. Besides, if sellers remain in action, there are chances of a test of the $0.2800 support level. On the upside, only a close above $0.3060 and the 100 hourly SMA might decrease selling pressure. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently above the 40 level, but below 50. Major Support Levels \u2013 $0.3000, $0.2980 and $0.2920. Major Resistance Levels \u2013 $0.3035, $0.3060 and $0.3070.<\/p>\n","protected":false},"author":67,"featured_media":167743,"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-375992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break<\/title>\n<meta name=\"description\" content=\"Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. 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XRP\/USD is currently in a strong downtrend and it could continue to move down towards $0.2920 or $0.2800.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-bears-target-0-2800-post-downside-break\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break","og_description":"Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. 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