{"id":449467,"date":"2020-11-11T07:48:43","date_gmt":"2020-11-11T07:48:43","guid":{"rendered":"https:\/\/wncen.com\/?p=449467"},"modified":"2024-06-11T14:08:14","modified_gmt":"2024-06-11T14:08:14","slug":"ripple-xrp-vulnerable-struggle-026","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-xrp-vulnerable-struggle-026\/","title":{"rendered":"Charted: Ripple (XRP) Vulnerable If It Continues To Struggle Below $0.26"},"content":{"rendered":"
Ripple failed on more than two occasions near $0.2600 and $0.2640 against the US Dollar. XRP price could nosedive if there is a break below the $0.2500 support.<\/em><\/p>\n After finding bids near the $0.2440 and $0.2450 support level, ripple\u2019s XRP price started a steady increase. The price broke the $0.2500 resistance zone<\/a> and settled well above the 100 simple moving average (4-hours).<\/p>\n It even broke the $0.2600 resistance level. However, the bulls are still struggling to gain strength above the $0.2600 and $0.2640 resistance levels<\/a>. A swing high was formed near $0.2644 before the price started a downside correction.<\/p>\n There was a break below the $0.2550 level, and the price traded below the 50% Fib retracement level of the recent upward move from the $0.2463 low to $0.2644 high.<\/p>\n <\/a><\/p>\n The decline found support near the $0.2500 zone. The Fib retracement level of the recent upward move from the $0.2463 low to $0.2644 high is also acting as a support. More importantly, there is a crucial bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP\/USD pair.<\/p>\n On the upside, the price is clearly facing a huge resistance near $0.2600 and $0.2640. If there is a successful break above the $0.2640 resistance zone, the price might start a strong rally. The next major resistance could be near $0.2720, followed by $0.2800.<\/p>\n If ripple fails to clear the $0.2600 and $0.2640 resistance levels, there is a risk of a bearish breakdown. The first key support is near the trend line and the $0.2500 level.<\/p>\n The next major support is near the $0.2460 level and the 100 simple moving average (4-hours), below which the price might dive towards the $0.2300 support.<\/p>\n Technical Indicators<\/p>\n 4-Hours MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone.<\/p>\n 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently just above the 50 level.<\/p>\n Major Support Levels \u2013 $0.2515, $0.2500 and $0.2460.<\/p>\n Major Resistance Levels \u2013 $0.2600, $0.2640 and $0.2720.<\/p>\n","protected":false},"excerpt":{"rendered":" Ripple failed on more than two occasions near $0.2600 and $0.2640 against the US Dollar. XRP price could nosedive if there is a break below the $0.2500 support. Ripple traded as high as $0.2644 and recently corrected lower against the US dollar. The price is trading well above the $0.2500 support and the 100 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair could start a strong rally if it clears the $0.2600 and $0.2640 levels in the near term. Ripple\u2019s XRP Price is Approaching Key Break After finding bids near the $0.2440 and $0.2450 support level, ripple\u2019s XRP price started a steady increase. The price broke the $0.2500 resistance zone and settled well above the 100 simple moving average (4-hours). It even broke the $0.2600 resistance level. However, the bulls are still struggling to gain strength above the $0.2600 and $0.2640 resistance levels. A swing high was formed near $0.2644 before the price started a downside correction. There was a break below the $0.2550 level, and the price traded below the 50% Fib retracement level of the recent upward move from the $0.2463 low to $0.2644 high. Source: XRPUSD on TradingView.com The decline found support near the $0.2500 zone. The Fib retracement level of the recent upward move from the $0.2463 low to $0.2644 high is also acting as a support. More importantly, there is a crucial bullish trend line forming with support near $0.2515 on the 4-hours chart of the XRP\/USD pair. On the upside, the price is clearly facing a huge resistance near $0.2600 and $0.2640. If there is a successful break above the $0.2640 resistance zone, the price might start a strong rally. The next major resistance could be near $0.2720, followed by $0.2800. Key Support for XRP If ripple fails to clear the $0.2600 and $0.2640 resistance levels, there is a risk of a bearish breakdown. The first key support is near the trend line and the $0.2500 level. The next major support is near the $0.2460 level and the 100 simple moving average (4-hours), below which the price might dive towards the $0.2300 support. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently just above the 50 level. Major Support Levels \u2013 $0.2515, $0.2500 and $0.2460. Major Resistance Levels \u2013 $0.2600, $0.2640 and $0.2720.<\/p>\n","protected":false},"author":67,"featured_media":449469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,10972,78763],"class_list":["post-449467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n\n
Ripple\u2019s XRP Price is Approaching Key Break<\/h2>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Key Support for XRP<\/h2>\n