Like most cryptocurrencies, Ripple is having a hard time to recover against the US Dollar and Bitcoin also. There were attempts for correction and returning back but met difficult resistances around $0.2100.

  • A very neck-tight situation for Ripple as it ‘down-warded’ below the $0.2060 level which is acting as a major support for quite some time now.

  • Bearish trend being formed on the resistance $0.2030 on the hourly chart of XRP/USD.

  • There could be an upside movement but only reaching $0.2100 or 0.2200.

Ripple broke major Support – XRP/USD

Ripple price had no chance to take a rest and return slowly upward as it did break below the $0.2060 mark swiftly which is acting for days now as a supporting line. That continued and the important $0.2000 level was breached which open doors for a bearish trend to take place. Weekly lowest was hit today morning Sep 14 – close to $0.1911 when a recovery attempt had started. XRP/USD since the previous descending wave from $0.2250 to $0.1911 has corrected over the 23.6% Fib retracement level.

As mentioned above, the bearish trend forming at the $0.2030 mark on the hourly chart of XRP/USD is close to the 38.2$ Fib Ret mark since the declining wave. That indicates and upward break is of less possibility but if it takes place the value could aim $0.2080.

ripple prediction analysis price

Source: Coinmarketcap

Reaching and clearing the $0.2060 or $0.2080 is of great importance as it once acted as a support now on contrary it is a resistance and it is also very close to the 50% Fib retracement level of the mentioned flow.

  • Hourly MACD – The MACD for XRP/USD is in the bullish zone.

  • Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is near the 50 level.

  • Support Level – $0.1910

  • Resistance Level – $0.2080

Simple! This is an alert message.

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