Nov 12, 2019
99 Views
0 0

Ripple (XRP) Price Remains At Risk Of More Losses

Written by

  • Ripple price is trading in a bearish zone below the $0.2840 resistance against the US dollar.
  • The price is struggling to hold the key support area near the $0.2700 level.
  • Yesterday’s major bearish trend line is active with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Ethereum is trading above $180 range support and bitcoin is down more than 3.5%.

Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price is likely to continue lower as long as it is trading below $0.2820 and $0.2840.

Ripple Price Analysis

In the past few hours, there was an increase in selling on ripple below the $0.2840 resistance area against the US Dollar. XRP/USD mostly followed a bearish path below $0.2800 and the 100 hourly simple moving average.

READ IN FULL

Article Tags:
· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
Article Categories:
News · NewsBTC

Leave a Reply

Your email address will not be published. Required fields are marked *