• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

Ripple (XRP) Price At Significant Risk of More Losses

Aayush Jindal by Aayush Jindal
2 years ago
in Technical analysis
Reading Time: 2min read
Ripple Price Technical Analysis XRP USD
Advertisement
Nexo Logo
Listen to Article
  • Ripple price struggled to clear the $0.3320 resistance and declined steadily against the US dollar.
  • The price declined below the $0.3200 support area and revisited the $0.3175 support area.
  • There are two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair remains at a huge risk of more losses if there is a break below the $0.3175 and $0.3160 supports.

Ripple price failed to gain strength against the US Dollar despite positive moves in bitcoin. XRP declined below $0.3225 and $0.3200, and it is currently trading with a strong bearish bias.

Ripple Price Analysis

Yesterday, we saw a decent upward move in ripple price above $0.3250 against the US Dollar. The XRP/USD pair climbed above the $0.3280 and $0.3300 resistance levels. BTC’s rise above the $5,500 level helped XRP in moving past $0.3300, but it struggled to gain strength above the $0.3320 resistance level. As a result, there was a fresh declined below the $0.3280 support and the 100 hourly simple moving average. The price even traded below the $0.3200 support level and tested the key $0.3175 support.

It is currently consolidating above $0.3175, with a strong bearish bias. On the upside, an initial resistance is near the $0.3228 level. It represents the 50% Fib retracement level of the recent slide from the $0.3282 high to $0.3174 low. There are also two bearish trend lines in place with resistance at $0.3260 and $0.3280 on the hourly chart of the XRP/USD pair. The first trend line also coincides with the 100 hourly SMA and the 76.4% Fib retracement level of the recent slide from the $0.3282 high to $0.3174 low.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Therefore, it won’t be easy for the bulls to gain traction above the $0.3260 and $0.3280 resistance levels. If there is a downside break below the $0.3175 support, there could be sharp losses. An initial support is at $0.3160, below which the price could decline heavily towards the $0.3100 or $0.3060 level.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is clearly trading in a bearish zone below the $0.3250, $0.3260 and $0.3280 levels. Until there is a close above $0.3300, there remains a risk of a sharp drop in the near term. An immediate hope for the bulls is at $0.3160, below which there is mostly an open space up to $0.3060.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is gaining strength in the bearish zone, with a negative bias.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level and testing 30.

Major Support Levels – $0.3175, $0.3160 and $0.3100.

Major Resistance Levels – $0.3260, $0.3280 and $0.3300.

Tags: Ripplexrp
TweetShare28
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

Bitcoin

Altcoins Fly as Bitcoin Ranges: What Analysts Think Comes Next for BTC

29 mins ago
Chainlink (LINK)

Charted: Chainlink (LINK) Remains In Strong Uptrend, Why It Could Test $25

8 hours ago
Ethereum

TA: Ethereum Steadies Above $1,150: Why ETH Could Outperform BTC

11 hours ago
Bitcoin

TA: Bitcoin Topside Bias Vulnerable, Why BTC Could Dive Below $35K

13 hours ago
Ethereum

Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

18 hours ago
Bitcoin

Bitcoin Struggles Below $38K, Why BTC Could Dive To $32K

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Robonomics Winter School 2021 Master Classes And Lectures Open For Attendees

January 18, 2021

Introducing ethrift.io Non-Custodial FIAT Ethereum Gateway

January 16, 2021

SV-based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

January 15, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.