• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Ripple (XRP)
Nexo Logo

Charted: Ripple (XRP) Tumbles 20%, Why It Could Test $0.20

Aayush Jindal by Aayush Jindal
1 year ago
in XRP
Reading Time: 2 mins read
Advertisement

Ripple started a fresh decline after it failed to stay above $0.3000 against the US Dollar. XRP price is over 20% and it seems like the bears are aiming a test of the $0.2000 support.

  • Ripple started a fresh decline from well above the $0.2800 support zone against the US dollar.
  • The price is now trading well below $0.2500 and the 100 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.2460 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair is gaining bearish momentum and it could continue to move down towards $0.2000 or $0.1880.

Ripple’s XRP Price Tumbles Again

After a sharp decline, ripple’s XRP price started a decent recovery wave. It broke the $0.3000 and $0.3200 resistance levels, but it failed to continue higher. A swing high was formed near $0.3867 before the bears took back control.

There was another sharp decline and the price tumbled below the $0.3000 support. The price broke the $0.2800 support and settled well below 100 simple moving average (4-hours).

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

There was also a break below the 61.8% Fib retracement level of the recovery wave from the $0.2004 swing low to $0.3867 high. It opened the doors for more downsides below $0.2400. There is also a major bearish trend line forming with resistance near $0.2460 on the 4-hours chart of the XRP/USD pair.

Ripple’s XRP Price

Source: XRPUSD on TradingView.com

The price is now trading below the 76.4% Fib retracement level of the recovery wave from the $0.2004 swing low to $0.3867 high. It seems like the bears are likely to aim more losses below $0.2200. Th next key support is near the $0.2000 level.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Any more losses could lead the price towards the $0.1550 zone. It is close to the 1.236 Fib extension level of the recovery wave from the $0.2004 swing low to $0.3867 high.

Upsides Capped in XRP?

If ripple starts a recovery wave, it could face a lot of hurdles, starting with $0.2350. The first major resistance for the bulls is near the $0.2500 level and the bearish trend line.

The main resistance is now forming near the $0.3000 level, above which it could recover towards the 100 simple moving average (4-hours).

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 40 level.

Major Support Levels – $0.2050, $0.2000 and $0.1550.

Major Resistance Levels – $0.2450, $0.2500 and $0.3000.

Tags: XRPBTCXRPUSDxrpusdt
Tweet123Share196ShareSend
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

XRP whales

XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Supply

2 hours ago
Ripple

Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days

1 week ago
Ripple

Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On

2 weeks ago
xrp

XRP Price Rebounds, Up 6% In 24 Hours, After Suffering Major Hiccup

3 weeks ago
Altcoins ready to bull

These Two Altcoins Are Ready For Major Pullback, Says Crypto Analyst

3 months ago
Ripple vs. SEC

XRP Price Surges – Is Ripple Winning The Fight Against SEC?

4 months ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

A guide to Capricorn, the first DEX on Cube Chain with hundreds million USD Liquidity Investment

May 27, 2022

Brawltales’ First Batch of NFT is Launching Soon

May 27, 2022

Interest-free Loan, New way of Assets Increase

May 26, 2022

Hoskinsea Partners with Pavia land to Setup A Virtual Headquater On The Metaverse

May 26, 2022

The first free and equal digital country – HyperNation global theme conference was held

May 26, 2022

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

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 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.