Ripple XRP Price May Drop Below $0.18 Despite Today’s Recovery

The Ripple XRP price is showing signs of an improvement today, but many analysts are still worried and are warning of a new potential drop. After a close below the $0.1900 level, the crypto news now show that XRP extended its decline and broke the key $0.1880 support zone to move further into a bearish zone

It was the bears that pushed the price of this coin below the $0.1850 level. The Ripple price also moved below the simple moving average and a new weekly low is formed right now near the $0.1783 area amid the recovery.

We could also notice a break above the $0.1800 and $0.1820 levels, as the Ripple XRP price managed to recover above the 23.6% Fib retracement level of the downward move from a high of $0.1950 to a low of $0.1780.

Right now in the XRP news today, we can see that Ripple is stable but the previous support areas near $0.1850 and $0.1865 are currently acting as hurdles for the bulls. In fact, the 50% Fib retracement level of the downward move from $0.1950 high to the $0.1780 swing low – which is also near the $0.1866 to stop the current wave.

More importantly, there is a major bearish trend line that is forming with resistance near $0.1885 on the hourly chart of the XRP/USD. We can also see that the 100 hourly simple moving average is positioned near the $0.1900 zone in order to prevent gains. So, a successful close above the $0.1880 resistance and a follow up move above the $0.1900 level is needed for upside continuation in the near term.

But is there going to be a rejection for the Ripple XRP price?

Well, analysts think that XRP is likely to struggle near the $0.1880 and $0.1900 resistance levels. There are huge chances of a fresh bearish wave below the There are huge chances of a fresh bearish wave below the $0..
buy xenical generic buy xenical online no prescription

1820 level. The first major support on the downside is near the $0.1780 level, below which there are high chances of a drop towards the $0.1700 level in the coming sessions.

The current technical indicators for the Ripple price are as following:

• Hourly MACD – The MACD for XRP/USD is currently going back into the bearish zone.
• Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is hopelessly moving above the 50 level.
• Major Support Levels – $0.1820, $0.1780 and $0.1700.
• Major Resistance Levels – $0.1865, $0.1880 and $0.1900.