Ripple Price Analysis: XRP Fails To Reach Critical Level of $0.20, Lower Targets Coming Up?

XRP saw a 2.5% price decline today as the cryptocurrency drops back towards the $0.19 level.
It attempted to push toward the $0.20 level yesterday but got rejected at $0.196.
Against Bitcoin, XRP also dropped beneath support at 2680 SAT as it heads toward 2650 SAT support.

Key Support & Resistance Levels

XRP/USD:

Support: $0.18, $0.171, $0.165.
Resistance: $0.191, $0.2, $0.208.
XRP/BTC:

Support: 2650 SAT, 2600 SAT, 2560 SAT.
Resistance: 2710 SAT, 2750 SAT, 2800 SAT.

XRP/USD  Ripple Continues Sideways Trading In Consolidation

 Over the past four days, XRP had rebounded from support at $0.18 (.236 Fib Retracement) and attempted higher toward $0.20.
 However, in yesterday’s trading session, the bulls failed to breach $0.196, which caused the coin to drop back toward $0.19.
The cryptocurrency has managed to maintain above a rising support trend line for the past month; however, a break beneath this trend line could cause XRP to drop toward the next support at $0.16 again.



XRP-USD Short Term Price Prediction

If the sellers continue to push lower, the rising trend line should provide the first level of support. Beneath this, support lies at $0.18, $0.171, and $0.165 (.382 Fib Retracement).

Alternatively, if the bulls can rebound at the rising trend line, resistance will be found at $0.191 and $0.20.
Above this, higher resistance lies at $0.208 (100-days EMA) and $0.218.The RSI is approaching the 50 level, indecisive, and a break beneath this will likely push XRP beneath the trend line and into bearish territory.

Read the full topic at

https://cryptopotato.com/ripple-price-analysis-xrp-fails-to-reach-critical-level-of-0-20-lower-targets-coming-up/

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