{"id":7226,"date":"2018-03-01T09:29:13","date_gmt":"2018-03-01T09:29:13","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=7226"},"modified":"2018-03-01T15:09:59","modified_gmt":"2018-03-01T15:09:59","slug":"ripple-price-analysis-can-xrp-usd-hold-support","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-price-analysis-can-xrp-usd-hold-support\/","title":{"rendered":"Ripple Price Analysis: Can XRP\/USD Hold This Support?"},"content":{"rendered":"<p><em>Ripple price is currently under pressure below the $0.9600 pivot against the US Dollar. XRP\/USD may continue to decline and it remains sell near $0.9250.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Ripple price declined recently and tested the $0.8740 support level against the US Dollar.<\/li>\n<li>There is a crucial bearish trend line forming with current resistance at $0.9200 on the 2-hours chart of the XRP\/USD pair (Data feed via Bitstamp).<\/li>\n<li>The pair may decline one more time and it remains sell on rallies near $0.9200.<\/li>\n<\/ul>\n<h3>Ripple Price Forecast<\/h3>\n<p>There were mostly bearish moves in Ripple price below the $0.9600 pivot level against the US Dollar. The XRP\/USD pair declined recently and broke the $0.9200 and $0.9000 support levels.<\/p>\n<figure id=\"attachment_7227\" aria-describedby=\"caption-attachment-7227\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart.png\"><img decoding=\"async\" class=\"wp-image-7227 size-large\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart-1024x520.png\" alt=\"Ripple Price Analysis\" width=\"1024\" height=\"520\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart-1024x520.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart-300x152.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart-770x391.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/03\/Ripple_Price_Chart.png 1822w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption id=\"caption-attachment-7227\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/markets\/cryptocurrencies\/\" rel=\"nofollow noopener\" target=\"_blank\">Cryptocurrency charts and prices provided<\/a> by TradingView<\/figcaption><\/figure>\n<p>The decline was solid and the price settled below $0.9200 and the 100 simple moving average (2-hours). However, the downside move was protected by the $0.8740 support area, which prevented declines on many occasions earlier.<\/p>\n<p>A low was formed at $0.8745 and the price is currently correcting higher. It has moved above the 23.6% Fib retracement level of the last decline from the $0.9584 high to $0.8745 low.<\/p>\n<p>However, there are many barriers on the upside for XRP buyers near $0.9200. There is also a crucial bearish trend line forming with current resistance at $0.9200 on the 2-hours chart of the XRP\/USD pair.<\/p>\n<p>Moreover, the trend line resistance is close to the 50% Fib retracement level of the last decline from the $0.9584 high to $0.8745 low. The mentioned $0.9200 resistance is also near the 100 simple moving average (2-hours).<\/p>\n<p>Therefore, it won\u2019t be easy for the price to move above $0.9200. A successful 2-hour close above the $0.9200 resistance and the simple moving average (2-hours) could clear the path for more gains in the near term.<\/p>\n<p>The next major resistance above $0.9200 is $0.9600. On the downside, the $0.8740 level is a monster support. The price has to stay above $0.8740 to avoid further declines. Below $0.8740, the price may slide towards $0.8000.<\/p>\n<p>Trade safe traders and do not overtrade!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is currently under pressure below the $0.9600 pivot against the US Dollar. XRP\/USD may continue to decline and it remains sell near $0.9250. Key Talking Points Ripple price declined recently and tested the $0.8740 support level against the US Dollar. There is a crucial bearish trend line forming with current resistance at $0.9200 on the 2-hours chart of the XRP\/USD pair (Data feed via Bitstamp). The pair may decline one more time and it remains sell on rallies [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":7227,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[825],"tags":[188,111,84],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7226"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=7226"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/7226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/7227"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=7226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=7226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=7226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}