chart<\/a>, ripple price is under a lot of pressure below the $0.2180 pivot level. In the short term, there could be an upside correction, but the price is likely to face sellers near the $0.2180 and $0.2200 levels.<\/p>\nTechnical Indicators<\/h2>\n Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently near the oversold region.<\/p>\n
Major Support Levels \u2013 $0.2120, $0.2100 and $0.2050.<\/p>\n
Major Resistance Levels \u2013 $0.2140, $0.2180 and $0.2200.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple price is declining and it is now trading below the $0.2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0.2000. This week\u2019s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum also traded below the key $145 support and it could retest $135. Ripple price is showing signs of further losses against the US Dollar and bitcoin. XRP price is likely to revisit the main $0.2000 support area in the near term. Ripple Price Analysis After ripple failed to break the $0.2260 resistance area against the US Dollar, it started a fresh decline. As a result, XRP price traded below a few key supports near the $0.2220 and $0.2200 levels. Moreover, there was a break below the $0.2180 support area and the 100 hourly simple moving average. The last swing high was formed near $0.2219 before the price broke the $0.2180 support. Finally, the price traded below the $0.2150 support and tested the $0.2120 area. A low is formed near $0.2115 and the price is currently consolidating losses. An immediate resistance is near the $0.2140 level. Besides, the 23.6% Fib retracement level of the recent decline from the $0.2219 high to $0.2115 low is also near $0.2140. The main resistance on the upside is near the $0.2180 level (the previous support area). Additionally, the 61.8% Fib retracement level of the recent decline from the $0.2219 high to $0.2115 low is also near the $0.2180 level. More importantly, this week\u2019s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP\/USD pair. To move back into a bullish zone, ripple price needs to surpass many hurdles, starting with $0.2180 and up to $0.2200. The 100 hourly simple moving average is also near $0.2220 to prevent an upside break. On the downside, an initial support is near the $0.2120 level. The current price action suggests there are high chances of another decline below the $0.2120 and $0.2100 support levels in the near term. Looking at the chart, ripple price is under a lot of pressure below the $0.2180 pivot level. In the short term, there could be an upside correction, but the price is likely to face sellers near the $0.2180 and $0.2200 levels. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently near the oversold region. Major Support Levels \u2013 $0.2120, $0.2100 and $0.2050. Major Resistance Levels \u2013 $0.2140, $0.2180 and $0.2200.<\/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-406150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n
Ripple (XRP) Price Remains In Downtrend, BTC & ETH Down 3%<\/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