Ripple XRP Price Will Turn “Sell” Below This Key Support Zone

In the XRP news today, we can see that the native coin to the Ripple network is hovering around the $0.1900 mark which acts as the nearest resistance. The updates also show that the Ripple XRP price will turn “sell” below $0.1850 on the hourly chart of the XRP/USD pair.

While yesterday we talked about the importance of the $0.1800 and $0.1810 support areas for Ripple, today we can see that the XRP price failed to continue higher above the $0.1900 resistance – and recently declined sharply below the $0.1800 and $0.1810 support areas.

This morning, the bulls took control and now we can see XRP approaching the $0.1900 mark. Anyways, while the coin is correcting higher and trading above the $0.1850 level, it is all part of a good momentum in the altcoin news and many positive influxes to practically all cryptocurrencies in the list.

The main resistance now is near the $0.1900 and $0.1920 levels, after which it is set at $0.1950. The low of $0.1738 still scares many investors but the recent high at $0.1890 is something that brings back their confidence.

More importantly, there is a key bullish trend line forming with resistance near $0.1910 on the hourly chart of the XRP/USD pair. The Ripple XRP price will turn “sell” below this signal – and analysts are predicting a new rise if the positive momentum continues.

When it comes to the support levels, we can see that the $0.1810 support line is seen as the most defensive border for XRP. If the pair corrects further higher, this line can be moved to $0.1850 and can go upwards based on Ripple’s further movement.

Anyways, a successful close above the $0.1910 and $0.1920 might open the doors for sales on the XRP market and a fresh increase towards the $0.1950 resistance levels. However, if more whales move out their XRP out of their accounts, we can also see stabilization near the $0.1850 mark.

All of these are theories and the practice is showing that the Ripple XRP price will turn either bullish or bearish as the week proceeds. The current technical indicators for XRP look as following:

• Hourly MACD – The MACD for XRP/USD is very likely to visit the bullish zone.
• Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving higher towards the 40 level.
• Major Support Levels – $0.1840, $0.1820 and $0.1810.
• Major Resistance Levels – $0.1910, $0.1930 and $0.1950.