chart<\/a>, ripple price is down and out below $0.2180. Thus, there are high possibilities of a downside extension below the $0.2100 and $0.2050 levels in the coming sessions. The bears seem to be aiming the $0.2000 support.<\/p>\nTechnical Indicators<\/h2>\n Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is declining and it is well below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.2100, $0.2050 and $0.2000.<\/p>\n
Major Resistance Levels \u2013 $0.2180, $0.2200 and $0.2210.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple price rallied recently above the $0.2220 resistance, but failed near $0.2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0.2100. There is a new bearish trend line forming with resistance near $0.2210 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum is also down and moving towards the $142 support area. Ripple price is still trading in downtrend despite the recent rally against the US Dollar, similar to bitcoin. XRP price is likely to revisit the $0.2000 support in the near term. Ripple Price Analysis After tagging the $0.2100 support area, ripple started a strong rise above $0.2200 resistance area against the US Dollar. Moreover, XRP price rallied above the $0.2220 resistance and the 100 hourly simple moving average. However, the $0.2265 and $0.2270 levels acted as a strong barrier. A swing high was formed near $0.2277 and the price started trimming gains. It traded below the $0.2180 level and the 100 hourly simple moving average. Besides, the price broke the 50% Fib retracement level of the recent rally from the $0.2097 low to $0.2277 high. Clearly, ripple price made a failed attempt to start a strong recovery above the $0.2220 and $0.2265 levels. It is now trading below the 76.4% Fib retracement level of the recent rally from the $0.2097 low to $0.2277 high. Therefore, there is a risk of a downside break below the $0.2100 support area in the near term. In the mentioned case, the price could even trade below the $0.2050 support area. The main support is near the $0.2000 level, where the bulls are likely to take a stand. Any further losses could push ripple in a nasty downtrend towards $0.1900 or may be $0.1850. On the upside, there are many resistances near the $0.2150 and $0.2180 levels. Additionally, there is a new bearish trend line forming with resistance near $0.2210 on the hourly chart of the XRP\/USD pair. An intermediate resistance is near $0.2200 and the 100 hourly SMA. If the price climbs above the $0.2200 and $0.2210 resistance levels, it could move into a bullish zone. Looking at the chart, ripple price is down and out below $0.2180. Thus, there are high possibilities of a downside extension below the $0.2100 and $0.2050 levels in the coming sessions. The bears seem to be aiming the $0.2000 support. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is declining and it is well below the 50 level. Major Support Levels \u2013 $0.2100, $0.2050 and $0.2000. Major Resistance Levels \u2013 $0.2180, $0.2200 and $0.2210.<\/p>\n","protected":false},"author":67,"featured_media":165987,"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-406241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n
Ripple (XRP) Price Could Revisit $0.2000, BTC & ETH Under Pressure<\/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