Below $0.2900, XRP Face to Face Losses – From the based formed near $0.2920 in XRP price against USD, the pair traded higher and broke the $0.3000 resistance. Buyers struggled near the $0.3090-$0.3100 resistance. Then the price declined below the $0.3020 and the 100 SMA. The price retested the $0.2920 support and is currently protecting further losses. Globalexchange.
Global exchange. Below $0.2900, XRP Face to Face Losses – Initial resistance is formed at 23.6% Fib Retracement level from $0.3000 high to $0.294 low. Above $0.3000. Similarly, there is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD. The trend line coincides with the 61.8% Fib retracement level from the decline from the $0.3090 high to $0.2924low. So the price is struggling near $0.3000 and $0.3020 of it corrects higher. Above $0.3020 the next resistance is at $0.3090-$0.310. Globalxchange.
From the above chart, ripple price at risk of a sharp decline if there is a break below the $0.2900- $0.2880 support area. The next main support is near the $0.2650 level where buyers are waiting. MACD for the pair is placed in the bearish zone and RSI is well placed below the 50 levels.
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