RATE Group | Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls
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Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls

24 Dec Ripple Bears Advance Warning To Bitcoin And Ethereum Bulls

Posted at 05:42h in Bitcoin News by

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  • Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.
  • Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.
  • Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • There is a risk of more downsides below the $0.1900 support levels in the near term.

Ripple price is showing bearish signs below $0.1920 against the US Dollar, while BTC and ETH are down 4%. XRP price might decline further towards the $0.1850 support.

Ripple Price Analysis

Yesterday, there was a solid increase in bitcoin and Ethereum, but ripple price failed to gain momentum against the US Dollar. It seems like XRP’s failure to gain strength was a warning sign that BTC and ETH might also struggle to continue higher.

Recently, both BTC and ETH declined around 5% and trimmed most gains. Ripple also started a fresh decline after it failed to…

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