RATE Group | Ripple Price (XRP) Trend Near-Term Negative, Similar To Bitcoin
56237
post-template-default,single,single-post,postid-56237,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ripple Price (XRP) Trend Near-Term Negative, Similar To Bitcoin

30 Jul Ripple Price (XRP) Trend Near-Term Negative, Similar To Bitcoin

Posted at 05:43h in Bitcoin News by

[ad_1]

  • Ripple price recovered recently above $0.3100, but struggled to break $0.3140 against the US dollar.
  • The price is currently declining and it might even break the $0.3050 support area in the near term.
  • There is a key bearish trend line forming with resistance near $0.3105 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price remains at a risk of more downsides as long as there is no break above $0.3140-0.3150.

Ripple price is currently following a bearish pattern against the US Dollar, similar to bitcoin. XRP price could decline heavily if there is a daily close below the $0.3030 support.

Ripple Price Analysis

After a sharp decline, there was an upside correction in bitcoin, Ethereum and ripple against the US Dollar. The XRP/USD pair traded as low as $0.2992 and recovered above the $0.3050 and $0.3100 levels. Moreover, the price recovered above the $0.3120 resistance level. However, the recovery was capped by the $0.3140 resistance zone. The 100 hourly simple moving…

[ad_2]

Source link

Tags:
, , , , , , ,