Ripple started a strong decline after it failed near $0.3700 contra el dólar estadounidense. XRP price is currently testing a major support near $0.2600 y el 100 Escuela secundaria (H4).
- Ripple is down over 20% and it broke a couple of major supports at $0.3000 contra el dólar estadounidense.
- The price tested the $0.2600 support zone and the 100 media móvil simple (4-horas).
- Se está formando una línea de tendencia bajista clave con una resistencia cercana $0.3320 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair must stay above $0.2600 y $0.2500 to start a fresh increase in the near term.
Ripple’s XRP Price is Down 20%
In the past few days, ripple’s XRP price made two attempts to gain strength above $0.3650 y $0.3700. The bulls failed to remain in control, resulting in a sharp decline below the $0.3200 apoyo.
Hoy, bitcoin and ethereum saw a sharp decline as well, accelerating decline in XRP below the $0.3000 support level. The price declined over 20% and it broke the 23.6% Fib retracement level of the upward wave from the $0.1759 swing low to $0.3700 swing high.
También se está formando una línea de tendencia bajista clave con una resistencia cercana $0.3320 on the 4-hours chart of the XRP/USD pair. The price is now testing the $0.2600 support zone and the 100 media móvil simple (4-horas).
los 50% Fib retracement level of the upward wave from the $0.1759 swing low to $0.3700 swing high is also acting as a strong support.
If the price fails to stay above the $0.2600 y $0.2500 niveles de soporte, there is a risk of a sharp decline. En el caso indicado, the price could continue to move down towards the $0.2200 y $0.2120 niveles de soporte.
Fresh Recovery in XRP?
If ripple remains stable above the $0.2500 nivel, there are chances of a fresh increase. An initial resistance on the upside is near the $0.2920 nivel.
The first key resistance for the bulls is near the $0.3000 nivel. The main resistance is now near $0.3300 and the bearish trend line. A close above the $0.3300 resistance zone could push the price towards the $0.3700 y $0.3800 levels in the near term.
4-Hours MACD – The MACD for XRP/USD is gaining momentum in the bearish zone.
4-Hours RSI (Índice de Fuerza Relativa) – The RSI for XRP/USD is now well below the 50 nivel.
Principales niveles de soporte: $0.2600, $0.2500 y $0.2220.
Niveles de resistencia mayor - $0.2920, $0.3120 y $0.3300.
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