RATE Group | Ripple (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K
69002
post-template-default,single,single-post,postid-69002,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 (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K

18 Nov Ripple (XRP) Price Resuming Decline, Bitcoin Breaks $8.5K

Posted at 05:35h in Bitcoin News by

[ad_1]

  • Ripple price is under pressure and struggling to surpass the $0.2660 resistance against the US dollar.
  • The price is currently declining and it is likely to break the $0.2580 support area.
  • There is a major bearish trend line forming with resistance near $0.2645 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Conversely, Ethereum is still holding the main $180 and $178 support levels.

Ripple price is facing an increase in selling below $0.2650 against the US Dollar, similar to bitcoin. XRP price could continue to move down below $0.2600 and $0.2580.

Ripple Price Analysis

After a sharp decline below the $0.2600 support, ripple recovered from the $0.2521 low against the US Dollar. XRP/USD corrected above the $0.2600 and $0.2620 resistance levels.

However, the price faced a strong resistance near the $0.2660 level and the 100 hourly simple moving average. There was no close above the 100 hourly SMA, resulting in a fresh bearish reaction.

The price broke the $0.2620 support…

[ad_2]

Source link

Tags:
, , , , , , ,