Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ripple failed to stay above the $0.1900 support and declined sharply against the US Dollar. XRP price remains at a risk of more losses below the $0.1800 support area
- Ripple price is down more than 2% and it settled below the $0.1880 level against the US dollar.
- A new weekly low is formed near $0.1812 and the price is now well below the 100 hourly simple moving average.
- There was a break below a major ascending channel with support near $0.1900 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could correct higher in the short term, but upsides are likely to remain capped near $0.1880.
Ripple Price Gaining Bearish Momentum
After breaking the $0.1920 resistance, ripple made an attempt to surpass the $0.1980 resistance area, but it failed. XRP price traded as high as $0.1966 and recently started a sharp decline.
It broke the key $0.1900 support level to move into a bearish zone. The bears were able to push the price below the $0.1880 pivot and the 100 hourly simple moving average.
More importantly, there was a break below a major ascending channel with support near $0.1900 on the hourly chart of the XRP/USD pair. The pair even broke the last swing low near $0.1820 and traded to a new weekly low at $0.1812.

Ripple is currently consolidating losses above the $0.1812 low. An initial resistance is near the $0.1850 level. It is close to the 23.6% Fib retracement level of the recent decline from the $0.1966 high to $0.1812 low.
The first major resistance is near the $0.1880 level, followed by $0.1900. A successful close above the $0.1900 level might lead the price towards the 100 hourly simple moving average. Any further gains might increase the chances of an upside break above the $0.2000 resistance.
More Losses
On the downside, an initial support is near the $0.1810 and $0.1800 levels. If ripple fails to recover above the $0.1850 and $0.1880 resistance levels, it could continue to move down.
A clear break below the $0.1800 support area may perhaps lead the price towards the $0.1720 and $0.1680 support levels in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level.
Major Support Levels – $0.1810, $0.1800 and $0.1720.
Major Resistance Levels – $0.1850, $0.1880 and $0.1900.
Take advantage of the trading opportunities with Plus500
Risk disclaimer: 76.4% of retail CFD accounts lose money.