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Ripple crashed hard! Here are the levels that XRP can test in the upcoming sessions

Ripple crashed hard! Here are the levels that XRP can test in the upcoming sessions.

According to the famous analyst Aayush Jindal, the XRP price may correct a few points, but increases are likely to face an obstacle around $ 0.1830.

  • Ripple tends to decline against the US dollar at the time of writing.
  • Bitcoin and Ethereum started a big drop below critical supports.
  • There was a break below a key contract triangle, with support at $ 0.1830 on the hourly chart of the XRP / USD pair (Kraken’s data source).
  • The pair may recover at higher levels, but bears are likely to appear around $ 0.1830.

Popular analyst: Ripple vulnerable to selloff after price breaks $ 0.18

Ripple price failed to clear the $ 0.1200 resistance level and started a sharp decline similar to BTC and ETH. XRP broke the $ 0.1880 and $ 0.1850 support levels to enter the bearish zone. This drop caused the price to slip below the $ 0.1820 support and the 100 hourly simple moving average. There was a break below a key contract triangle, with support at $ 0.1830 on the hourly chart of the XRP / USD pair.

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Then XRP slipped below the $ 0.1800 support and tested the $ 0.1780 support. A low price of around $ 0.1783 is formed and the price is currently traded in the red zone. On the upside, the first resistance is near the $ 0.1830 level, according to the analyst. The first major resistance is near the $ 0.1850 level, according to the analyst.

Here are the critical levels and pivot points that Ripple can see

According to the analyst, if there is a clear break above $ 0.1820 and $ 0.1830, the price may revisit the $ 0.1850 resistance. The 50% Fib retracement level of the recent decline has dropped from $ 0.1900 to $ 0.1783. To start a new increase, the analyst must have a successful break above the $ 0.1820 resistance level and a follow-up move above the $ 0.1850 level. The next hurdle is near the $ 0.1200 level.

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Ripple is currently finding deals around $ 0.1780. Therefore, according to the analyst, there may be higher corrections, but the bears can stop their upward trend around $ 0.1820. If the bulls cannot push the price above the $ 0.1830 resistance, there is a greater risk of further downside below $ 0.1780, according to the analyst. The next major support is at $ 0.1725, according to the analyst, below which the price may retest $ 0.1700.

Current view of Ripple price with technical indicators

Hourly MACD: For the XRP / USD pair, the MACD is struggling to gain traction in the bullish zone.

Hourly RSI (Relative Strength Index): The RSI for XRP / USD is currently well below the 30 level.

Major Support Levels: $ 0.1780, $ 0.1720 and $ 0.1700.

Major Resistance Levels : $ 0.1830, $ 0.1850 and $ 0.1860.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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