Ripple price prediction: XRP/USD in retreat for five days in a row

XRP/USD is vulnerable to further losses as long as it stays below $0.2200.
The nearest resistance is located on the approach to $0.2230.

Ripple’s XRP has been sliding down for the fifth day in a row, At the time of writing, XRP/USD is changing hands at $0.2176, down about 2% since the beginning of the day and 3% in recent seven days.

Ripple’s XRP confluence levels

Looking technically, XRP is vulnerable to further losses as long as it stays below $0.2200. If the bulls manage to push the price above this barrier, the short-term technical picture will improve with the next focus on $0.2250. Currently, there are several important levels clustered both above and below the price. Let’s have a closer look at them.

Resistance levels

$0.2230 - SMA100 (Simple Moving Average) 1-hour, 61.8% Fibo retracement weekly, the upper line of 1-hour Bollinger Band
$0.2300 - 23.6% Fibo retracement monthly, the highest level of the previous week, Pivot Point 1-day Resistance 3
$0.2360 - Pivot Point 1-week Resistance 1, the upper line of the daily Bollinger Band

Support levels

$0.2100 - the lowest level of the previous week, Pivot Point 1-day Support 3
$0.2020 - the lowest level of the previous month
$0.1880 - Pivot Point 1-week Support 2

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.