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Ripple price analysis: XRP/USD set to dip futher in the next 24 hours

Ripple Price analysis
TL;DR Breakdown

Ripple price analysis is bearish today.
XRP/USD failed to post substantial gains overnight.
Another lower high is likely to soon be set.

Ripple price analysis reveals that the XRP/USD pair is bearish today. There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.

Ripple (XRP) price analysis reveals that the XRP/USD pair is bearish today. There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.

The XRP/USD pair is bearish in the short-term, with prices trading below the 200-hour moving average. A break below the $0.3050 support level would confirm a move towards the $0.2850 level.

At the time of writing, the Ripple price was trading at around $0.3140, down from an overnight high of $0.3195. The XRP/USD pair is bearish in the short-term, with prices trading below the 200-hour moving average.

Ripple price movement in the last 24 hours: Ripple price still stuck below $0.3300

XRP/USD bulls tried to push the price above the $0.3200 resistance level overnight, but they failed to gain traction. The Ripple price is now trading below the $0.3150 level and it looks like another lower high could be set in the near-term.

Support is currently found at the $0.3050 level and a break below here would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 level and a break above here would signal a move back towards the $0.3300 level.

XRP/USD 4-hour chart: XRP ready to continue lower?

On the 4-hour Ripple price analysis chart, the XRP/USD pair is bearish below the $0.3200 level. A break below the $0.3050 support level would confirm a move towards the $0.2850 support level. above the $0.3300 resistance level would signal a move back towards the all-time highs at $0.3450.

On the daily Ripple price analysis chart, the XRP/USD pair is bearish while trading below the $0.3300 level. A move below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3300 and $0.3450 levels.

Ripple price analysis
XRP/USD 4-hour chart. Source: TradingView

There was a weak attempt to rally last night, but it failed just shy of the $0.3200 resistance level. As a result, another lower high looks likely to be set before the price can move any higher in the near-term.

A break below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 and $0.3300 levels.

The Ripple price is bearish today and another lower high looks likely to be set before the price can move any higher in the near-term.

Ripple price analysis: Conclusion 

Ripple price analysis reveals that the XRP/USD pair is bearish below the $0.3300 level. A move below the $0.3050 support level would confirm a move towards the $0.2850 level. On the upside, resistance is located at the $0.3200 and $0.3300 levels.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Moses Kimathi

Moses Kimathi

Moses is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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