RATE Group | Ripple Losses Favored, Bitcoin & Ethereum In Steady Decrease
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Ripple Losses Favored, Bitcoin & Ethereum In Steady Decrease

26 Dec Ripple Losses Favored, Bitcoin & Ethereum In Steady Decrease

Posted at 04:39h in Bitcoin News by

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  • Ripple price is now trading well below the $0.2000 and $0.1950 supports against the US dollar.
  • XRP is facing hurdles, while bitcoin and Ethereum are declining steadily.
  • There is a connecting bearish trend line forming with resistance near $0.1890 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price could continue to decline unless it rallies above $0.1950 and $0.2000.

Ripple price is trading in a bearish zone against the US Dollar, while BTC and ETH are moving lower. XRP price is likely to slide towards the $0.1800 level in the near term.

Ripple Price Analysis

After a failed attempt to surpass the $0.2000 resistance, ripple price started a fresh decrease against the US Dollar. Moreover, bitcoin and Ethereum faced an increase in selling in the last two days, putting further pressure on XRP.

The price settled below the $0.1900 support area and the 100 hourly simple moving average. It opened the doors for more losses and the price traded towards the $0.1850 level.

A…

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