{"id":406714,"date":"2019-12-10T04:28:46","date_gmt":"2019-12-10T04:28:46","guid":{"rendered":"https:\/\/wncen.com\/?p=406714"},"modified":"2024-06-11T13:35:02","modified_gmt":"2024-06-11T13:35:02","slug":"ripple-xrp-price-starts-fresh-decrease-btc-eth-trimming-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-starts-fresh-decrease-btc-eth-trimming-gains\/","title":{"rendered":"Ripple (XRP) Price Starts Fresh Decrease: BTC &amp; ETH Trimming Gains"},"content":{"rendered":"<ul>\n<li>Ripple price is currently declining from the key $0.2320 resistance area against the US dollar.<\/li>\n<li>The price is now trading below $0.2260 and it is showing a few bearish signs.<\/li>\n<li>Yesterday\u2019s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li><a href=\"https:\/\/wncen.com\/2019\/12\/10\/ethereum-eth-stuck-in-range-below-key-resistance-bitcoin-struggling\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> is also struggling and it is declining towards the $144 support area.<\/li>\n<\/ul>\n<p><em>Ripple price is under a minor bearish pressure against the US Dollar, similar to <a href=\"https:\/\/wncen.com\/2019\/12\/09\/bitcoin-btc-target-fresh-high-or-8k\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price remains at a risk of a drop towards the $0.2140 support area in the near term.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past few days, there was a decent increase in ripple price above the $0.2200 resistance against the US Dollar. XRP price traded above the $0.2250 and $0.2280 resistance levels.<\/p>\n<p>Moreover, there was a clear break above the $0.2300 resistance and the 100 hourly simple moving average. However, the price struggled to gain strength above the key $0.2320 resistance area.<\/p>\n<p>A high was formed near $0.2324 before the price started a fresh decrease below $0.2300. Besides, there was a break below the 23.6% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high.<\/p>\n<p>More importantly, <a href=\"https:\/\/wncen.com\/2019\/12\/09\/ripple-xrp-price-poised-for-further-gains-bitcoin-rising\/\" target=\"_blank\" rel=\"noopener noreferrer \">yesterday\u2019s highlighted major bullish trend line<\/a> was breached with support near $0.2280 on the hourly chart of the XRP\/USD pair. Additionally, the pair settled below $0.2260 and the 100 hourly simple moving average.<\/p>\n<p>Ripple is now trading below the $0.2240 and approaching the 50% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high. It seems like the $0.2210 and $0.2200 levels are decent supports.<\/p>\n<p>If the price fails to stay above the $0.2200 support, it could continue to move down towards the $0.2140 level. An intermediate support is near the 61.8% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high.<\/p>\n<p>On the upside, the previous support near $0.2240 may perhaps act as a resistance. The first key resistance could be $0.2260 and the 100 hourly SMA. Therefore, the price must move above $0.2240 and $0.2260 to revisit the key $0.2320 resistance area in the near term.<\/p>\n<figure id=\"attachment_406715\" aria-describedby=\"caption-attachment-406715\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-406715\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?resize=1828%2C868\" alt=\"Ripple Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-6.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-406715\" class=\"wp-caption-text\">Ripple Price<\/figcaption><\/figure>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is showing a few bearish signs below $0.2260, similar to bitcoin and Ethereum. If ETH slides below $144 and bitcoin breaks $7,260, there are chances of a drop in XRP towards $0.2100.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining strength in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting high, but it is still below 50.<\/p>\n<p>Major Support Levels \u2013 $0.2210, $0.2200 and $0.2140.<\/p>\n<p>Major Resistance Levels \u2013 $0.2240, $0.2260 and $0.2320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday\u2019s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum is also struggling and it is declining towards the $144 support area. Ripple price is under a minor bearish pressure against the US Dollar, similar to bitcoin. XRP price remains at a risk of a drop towards the $0.2140 support area in the near term. Ripple Price Analysis In the past few days, there was a decent increase in ripple price above the $0.2200 resistance against the US Dollar. XRP price traded above the $0.2250 and $0.2280 resistance levels. Moreover, there was a clear break above the $0.2300 resistance and the 100 hourly simple moving average. However, the price struggled to gain strength above the key $0.2320 resistance area. A high was formed near $0.2324 before the price started a fresh decrease below $0.2300. Besides, there was a break below the 23.6% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high. More importantly, yesterday\u2019s highlighted major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP\/USD pair. Additionally, the pair settled below $0.2260 and the 100 hourly simple moving average. Ripple is now trading below the $0.2240 and approaching the 50% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high. It seems like the $0.2210 and $0.2200 levels are decent supports. If the price fails to stay above the $0.2200 support, it could continue to move down towards the $0.2140 level. An intermediate support is near the 61.8% Fib retracement level of the upward move from the $0.2098 low to $0.2324 high. On the upside, the previous support near $0.2240 may perhaps act as a resistance. The first key resistance could be $0.2260 and the 100 hourly SMA. Therefore, the price must move above $0.2240 and $0.2260 to revisit the key $0.2320 resistance area in the near term. Looking at the chart, ripple price is showing a few bearish signs below $0.2260, similar to bitcoin and Ethereum. If ETH slides below $144 and bitcoin breaks $7,260, there are chances of a drop in XRP towards $0.2100. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining strength in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting high, but it is still below 50. Major Support Levels \u2013 $0.2210, $0.2200 and $0.2140. Major Resistance Levels \u2013 $0.2240, $0.2260 and $0.2320.<\/p>\n","protected":false},"author":67,"featured_media":165656,"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-406714","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 Starts Fresh Decrease: BTC &amp; ETH Trimming Gains<\/title>\n<meta name=\"description\" content=\"Ripple price is under a minor bearish pressure against the US Dollar, similar to bitcoin. 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XRP price remains at a risk of a drop towards the $0.2140 support area in the near term.","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-starts-fresh-decrease-btc-eth-trimming-gains\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Starts Fresh Decrease: BTC &amp; ETH Trimming Gains","og_description":"Ripple price is under a minor bearish pressure against the US Dollar, similar to bitcoin. 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