{"id":407383,"date":"2019-12-16T04:28:37","date_gmt":"2019-12-16T04:28:37","guid":{"rendered":"https:\/\/wncen.com\/?p=407383"},"modified":"2024-06-11T13:35:16","modified_gmt":"2024-06-11T13:35:16","slug":"ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/","title":{"rendered":"Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower"},"content":{"rendered":"<ul>\n<li>Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar.<\/li>\n<li>The price is now trading below $0.2150 and it could decline further below $0.2100.<\/li>\n<li>There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>There are high chances of a drop towards the $0.2020 and $0.2000 support levels.<\/li>\n<\/ul>\n<p><em>Ripple price is declining steadily below key supports against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/12\/15\/bitcoin-weekly-forecast-btc-trend-overwhelmingly-bearish\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price could continue to move down and the bears might target $0.2000.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, there were range moves below the $0.2200 and $0.2200 resistances in ripple against the US Dollar. Moreover, XRP price remained well below the $0.2240 resistance and the 100 hourly simple moving average.<\/p>\n<p>As a result, there was another bearish wave and the price broke the $0.2150 support level. The decline was such that the price even declined below the $0.2140 support.<\/p>\n<p>A new monthly low is formed near the $0.2125 level and the price is still <a href=\"https:\/\/wncen.com\/2019\/12\/13\/ripple-xrp-price-targets-fresh-lows-btc-eth-consolidating\/\" target=\"_blank\" rel=\"noopener noreferrer \">following a downtrend<\/a>. An immediate resistance is near the $0.2140 level. Besides, it is near the 23.6% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low.<\/p>\n<p>On the upside, the first major resistance is near the $0.2150 area (the recent breakdown support). Additionally, the 50% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low is also near the $0.2140 level.<\/p>\n<p>The next major resistance area is near the $0.2180 level. More importantly, there is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, ripple price needs to clear the $0.2150 and $0.2180 resistance levels to start a decent recovery. Still, there are other hurdles on the upside near the $0.2200 and $0.2220 levels.<\/p>\n<p>On the downside, an initial support is near the $0.2110 and $0.2100 levels. If the price fails to stay above the $0.2100 support, there are chances of a sharp decline towards the $0.2000 support area. An intermediate support could be near the $0.2040 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-407384\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?resize=1828%2C868\" alt=\"Ripple Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-10.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is clearly declining heavily and it seems like the bears are targeting further losses below $0.2100. If they remain in action, the price is likely to test the main $0.2000 support area in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining strength in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently sliding and moving into the oversold area.<\/p>\n<p>Major Support Levels \u2013 $0.2110, $0.2100 and $0.2000.<\/p>\n<p>Major Resistance Levels \u2013 $0.2150, $0.2180 and $0.2200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar. The price is now trading below $0.2150 and it could decline further below $0.2100. There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP\/USD pair (data source from Kraken). There are high chances of a drop towards the $0.2020 and $0.2000 support levels. Ripple price is declining steadily below key supports against the US Dollar and bitcoin. XRP price could continue to move down and the bears might target $0.2000. Ripple Price Analysis Recently, there were range moves below the $0.2200 and $0.2200 resistances in ripple against the US Dollar. Moreover, XRP price remained well below the $0.2240 resistance and the 100 hourly simple moving average. As a result, there was another bearish wave and the price broke the $0.2150 support level. The decline was such that the price even declined below the $0.2140 support. A new monthly low is formed near the $0.2125 level and the price is still following a downtrend. An immediate resistance is near the $0.2140 level. Besides, it is near the 23.6% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low. On the upside, the first major resistance is near the $0.2150 area (the recent breakdown support). Additionally, the 50% Fib retracement level of the recent decline from the $0.2185 high to $0.2125 low is also near the $0.2140 level. The next major resistance area is near the $0.2180 level. More importantly, there is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP\/USD pair. Therefore, ripple price needs to clear the $0.2150 and $0.2180 resistance levels to start a decent recovery. Still, there are other hurdles on the upside near the $0.2200 and $0.2220 levels. On the downside, an initial support is near the $0.2110 and $0.2100 levels. If the price fails to stay above the $0.2100 support, there are chances of a sharp decline towards the $0.2000 support area. An intermediate support could be near the $0.2040 level. Looking at the chart, ripple price is clearly declining heavily and it seems like the bears are targeting further losses below $0.2100. If they remain in action, the price is likely to test the main $0.2000 support area in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining strength in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently sliding and moving into the oversold area. Major Support Levels \u2013 $0.2110, $0.2100 and $0.2000. Major Resistance Levels \u2013 $0.2150, $0.2180 and $0.2200.<\/p>\n","protected":false},"author":67,"featured_media":169916,"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-407383","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 Down 2%, Bears Sight $0.2000 Or Even Lower<\/title>\n<meta name=\"description\" content=\"Ripple price is declining steadily below key supports against the US Dollar and bitcoin. 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XRP price could continue to move down and the bears might target $0.2000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-16T04:28:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:35:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower\",\"datePublished\":\"2019-12-16T04:28:37+00:00\",\"dateModified\":\"2024-06-11T13:35:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/\",\"name\":\"Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-down-2-bears-sight-0-2000-or-even-lower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis8.jpg?fit=1200%2C741\",\"datePublished\":\"2019-12-16T04:28:37+00:00\",\"dateModified\":\"2024-06-11T13:35:16+00:00\",\"description\":\"Ripple price is declining steadily below key supports against the US Dollar and bitcoin. 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