Ripple is trying to stay above the $ 0.2600 support against the US Dollar. If there is a close below $ 0.2600 and $ 0.2550, XRP price could fall.

 

 

Ripple is showing several bearish signs below the $ 0.2750 and $ 0.2800 resistance levels against the US Dollar.

The price is testing the $ 0.2600 support and is well below the 100 simple moving average.

There is a key bearish trend line showing resistance near $ 0.2720 on the 4-hours chart of the XRP / USD pair.

The pair could either break above $ 0.2750 or slide towards the $ 0.2150 support.

 

Ripple trying to save its price

After struggling to clear the $ 0.3120 resistance, Ripple’s XRP price started a new decline. The price dropped well below the $ 0.2800 support level and even fell below $ 0.2600.

A low was formed around $ 0.2390 before the price started an upward correction. There was a break above the $ 0.2500 and $ 0.2550 levels.

However, the price appears to be facing resistance near the $ 0.2850 level. On the 4-hour chart of the XRP / USD pair there is a key bearish trend line with resistance near $ 0.2720.

If there is a downside break below the $ 0.2600 support level, the bears are likely to strengthen. In the state mentioned, there is a sharp downside risk towards the $ 0.2400 and $ 0.2350 levels. The price may even revisit the $ 0.2150 level in the near term.

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If Ripple stays above the $ 0.2600 support zone, there is a chance for a new increase in price. A successful close above the $ 0.2800 level could open the doors for an increase towards the $ 0.3000 and $ 0.3120 levels.

 

Technical indicators

4-Hour MACD – The MACD for XRP / USD is showing negative signs in the bearish zone.

4-Hour RSI (Relative Strength Index) – The RSI for XRP / USD is well below the 50 level.

Major Support Levels – $ 0.2600, $ 0.2450 and $ 0.2150.

Major Resistance Levels – $ 0.2750, $ 0.2800 and $ 0.35000.

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