RATE Group | Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting
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Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting

29 Jul Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting

Posted at 05:16h in Bitcoin News by

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  • Ripple price retested the $0.3030 support level and recently corrected higher against the US dollar.
  • The price seems to be trading in a range with a strong resistance near the $0.3140 level.
  • There is an expanding triangle forming with resistance near $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price could decline again if it continues to struggle near the $0.3140 and $0.3150 resistance levels.

Ripple price is facing a lot of key resistances against the US Dollar and bitcoin. XRP price could extend its losses unless it climbs back above $0.3140 and $0.3200 in the coming sessions.

Ripple Price Analysis

Recently, there was a sharp decline in ripple price from the $0.3280 resistance against the US Dollar. The XRP/USD pair broke many important supports near $0.3200 and $0.3140 to enter a bearish zone. Moreover, the price spiked below the $0.3050 support and the 100 hourly simple moving average. However, the $0.3030 support level acted as a decent support and…

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