Ripple price declined further and traded close to the $0.3040 support level. XRP/USD is currently recovering, but upsides won’t be easy above $0.3125 and $0.3150.

  • Ripple price broke the $0.3080 support level and tested the $0.3040 support.
  • There is a crucial bearish trend line in place with resistance near $0.3120 on the 30-minute chart.
  • XRP price is likely to face sellers near the $0.3125 and $0.3150 resistance levels.

Ripple Price Analysis

Yesterday, we discussed the next leg lower in ripple price below the $0.3100 support level. XRP extended losses and broke the $0.3100 and $0.3080 support levels to move further into a bearish zone along with bitcoin, Ethereum, BCH, EOS and other altcoins.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair started a fresh downward move from the $0.3190 swing high and settled below the $0.3150 support level. There was even a close below the $0.3125 support and the 25 simple moving average (30-minute chart).

Sellers gained momentum and pushed the price towards the…

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Source: https://thebitcoinnews.com/ripple-xrp-price-prediction-rebound-wont-be-easy-in-near-term/