{"id":379569,"date":"2019-04-24T05:00:22","date_gmt":"2019-04-24T05:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=379569"},"modified":"2024-06-11T13:14:58","modified_gmt":"2024-06-11T13:14:58","slug":"ripple-xrp-price-at-risk-losses","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-at-risk-losses\/","title":{"rendered":"Ripple (XRP) Price At Significant Risk of More Losses"},"content":{"rendered":"
Ripple price failed to gain strength against the US Dollar despite positive moves in bitcoin<\/a>. XRP declined below $0.3225 and $0.3200, and it is currently trading with a strong bearish bias.<\/em><\/p>\n Yesterday, we saw a decent upward move in ripple price above $0.3250 against the US Dollar. The XRP\/USD pair climbed above the $0.3280 and $0.3300 resistance levels. BTC\u2019s rise above the $5,500 level helped XRP in moving past $0.3300, but it struggled to gain strength above the $0.3320 resistance level<\/a>. As a result, there was a fresh declined below the $0.3280 support and the 100 hourly simple moving average. The price even traded below the $0.3200 support level and tested the key $0.3175 support.<\/p>\n It is currently consolidating above $0.3175, with a strong bearish bias. On the upside, an initial resistance is near the $0.3228 level. It represents the 50% Fib retracement level of the recent slide from the $0.3282 high to $0.3174 low. There are also two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP\/USD pair. The first trend line also coincides with the 100 hourly SMA and the 76.4% Fib retracement level of the recent slide from the $0.3282 high to $0.3174 low.<\/p>\n Therefore, it won\u2019t be easy for the bulls to gain traction above the $0.3260 and $0.3280 resistance levels. If there is a downside break below the $0.3175 support, there could be sharp losses. An initial support is at $0.3160, below which the price could decline heavily towards the $0.3100 or $0.3060 level.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n