{"id":381256,"date":"2019-05-08T04:08:59","date_gmt":"2019-05-08T04:08:59","guid":{"rendered":"https:\/\/wncen.com\/?p=381256"},"modified":"2024-06-11T13:39:42","modified_gmt":"2024-06-11T13:39:42","slug":"ripple-xrp-price-prediction-breakout-or-further-decline","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-prediction-breakout-or-further-decline\/","title":{"rendered":"Ripple (XRP) Price Prediction: Breakout or Further Decline?"},"content":{"rendered":"<ul>\n<li>Ripple price failed to hold gains above $0.3020 and declined recently against the US dollar.<\/li>\n<li>The price traded to a new weekly low below the $0.2950 and $0.2920 support levels.<\/li>\n<li>There is a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is likely to decline further as long as it is below $0.3000 and $0.3020.<\/li>\n<\/ul>\n<p><em>Ripple price is struggling to gain bullish momentum against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/05\/07\/bitcoin-btc-price-rally-inflection-point\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP remains at a risk of more downsides unless the bulls push the price above $0.3000 and $0.3020.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, ripple price started a decent upward move above $0.2980 and $0.3000 levels against the US Dollar. The XRP\/USD pair even traded above the $0.3020 level and the 100 hourly simple moving average. However, the price faced a strong resistance the $0.3040 and $0.3050 levels. The bulls failed to remain in action, resulting in a downside move below the $0.3020 support. The price declined below the $0.3000 support and the 100 hourly simple moving average.<\/p>\n<p>The decline was such that the price broke the <a href=\"https:\/\/wncen.com\/2019\/05\/07\/ripple-xrp-price-recovering-btc-eth-rallies\/\" target=\"_blank\" rel=\"noopener noreferrer \">previous swing low<\/a> and traded to a new weekly low at $0.2913. At the moment, the price is correcting higher towards $0.2980. It is trading above the 23.6% Fib retracement level of the recent drop from the $0.3062 high to $0.2913 low. On the upside, there are many hurdles near the $0.2980 and $0.3000 levels. There is also a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP\/USD pair. The trend line coincides with the 50% Fib retracement level of the recent drop from the $0.3062 high to $0.2913 low.<\/p>\n<p>Therefore, a clear break above the $0.2980 and $0.3000 resistances is must for a fresh increase. Once there is a successful close above $0.3000, the price may climb higher towards the $0.3040 and $0.3050 resistance levels. On the other hand, if the price fails near $0.2980 or $0.3000, it could decline again. An initial support is near the $0.2920 level, below which the price may even break $0.2900.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381257\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-5.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 seems to be following a declining pattern below $0.3000. Therefore, the bulls must gain momentum above $0.3000 and $0.3020 to overcome further losses. On the downside, the main support is near the $0.2900 level. If there is a downside break below $0.2900, the price is likely to test $0.2850.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2920, $0.2900 and $0.2850.<\/p>\n<p>Major Resistance Levels \u2013 $0.2980, $0.3000 and $0.3020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price failed to hold gains above $0.3020 and declined recently against the US dollar. The price traded to a new weekly low below the $0.2950 and $0.2920 support levels. There is a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to decline further as long as it is below $0.3000 and $0.3020. Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. XRP remains at a risk of more downsides unless the bulls push the price above $0.3000 and $0.3020. Ripple Price Analysis Yesterday, ripple price started a decent upward move above $0.2980 and $0.3000 levels against the US Dollar. The XRP\/USD pair even traded above the $0.3020 level and the 100 hourly simple moving average. However, the price faced a strong resistance the $0.3040 and $0.3050 levels. The bulls failed to remain in action, resulting in a downside move below the $0.3020 support. The price declined below the $0.3000 support and the 100 hourly simple moving average. The decline was such that the price broke the previous swing low and traded to a new weekly low at $0.2913. At the moment, the price is correcting higher towards $0.2980. It is trading above the 23.6% Fib retracement level of the recent drop from the $0.3062 high to $0.2913 low. On the upside, there are many hurdles near the $0.2980 and $0.3000 levels. There is also a major bearish trend line formed with resistance near $0.3000 on the hourly chart of the XRP\/USD pair. The trend line coincides with the 50% Fib retracement level of the recent drop from the $0.3062 high to $0.2913 low. Therefore, a clear break above the $0.2980 and $0.3000 resistances is must for a fresh increase. Once there is a successful close above $0.3000, the price may climb higher towards the $0.3040 and $0.3050 resistance levels. On the other hand, if the price fails near $0.2980 or $0.3000, it could decline again. An initial support is near the $0.2920 level, below which the price may even break $0.2900. Looking at the chart, ripple price seems to be following a declining pattern below $0.3000. Therefore, the bulls must gain momentum above $0.3000 and $0.3020 to overcome further losses. On the downside, the main support is near the $0.2900 level. If there is a downside break below $0.2900, the price is likely to test $0.2850. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well below the 50 level. Major Support Levels \u2013 $0.2920, $0.2900 and $0.2850. Major Resistance Levels \u2013 $0.2980, $0.3000 and $0.3020.<\/p>\n","protected":false},"author":67,"featured_media":162713,"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-381256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Prediction: Breakout or Further Decline?<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. 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XRP remains at a risk of more downsides unless the bulls push the price above $0.3000 and $0.3020.","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-xrp-price-prediction-breakout-or-further-decline\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Prediction: Breakout or Further Decline?","og_description":"Ripple price is struggling to gain bullish momentum against the US Dollar and bitcoin. 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