Ripple currently faces undue pressure against the United States Dollar. However, the price interplay reflects the entire crypto market situation, especially with Bitcoin and Ethereum. Analysts for the whole of last week predicted an upward correction towards the $0.275 but ; a market crash caused by the Fake news reporting a Binance shutdown could  have caused the downward correction. Nonetheless, XRP price remains are selling on the rallies, unless there’s a possibility of a daily close beyond $0.2350. 
<h2>Ripple Price Analysis</h2>
The past few market sessions witnessed a nasty decline in Ripple’s prices below the support levels $0.2350 and $0.2250 against the United States Dollar. Furthermore, the XRP/USD pair declined by at least 10%  to effectively test the key support level of $0.2000. 

While the price settled well downwards the 100 hourly simple moving average , a fresh multi-month low formed around the $0.2003. Currently, the price correction is performing a bit higher above the $0.2050 and $0,2080 resistance levels. A glance at the main resistances, an upside is noticeably forming within the $0.2180 price level. 
<h2>The 50% Fib retracement level</h2>
The 50%  Fibonnaci retracement level of the recent decrease to $0.2003 low and $0.2349 high is also closing on to the $0.2180 level to form a <a href="http://www.dstockmarket.com/major-resistance-minor-resistance.html">minor resistance</a>. In addition, a key bearish trend line appears to move along with the resistance near the $0.2250 on the hourly XRP/USD trade pair chart. 

Moreover, it seems that Ripple’s price could attempt a decent recovery above the trend line resistance. Meanwhile, the next major resistance is near the support level of $0.2350 and the 100 Hourly SMA. Hence, XRP pricing must settle well above the key resistance and the 100 hourly simple moving average; towards a more positive  market zone. 

On the other hand, the price could struggle climbing above $0.2250 and probably resume its decline. An initial support on the downside closing to the nearest support level of $0.2050 level. However, the main support is near the $0.2000 price level, a point that poses the risk of significant decline towards the support area of $0.1950. 

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Ripple( XRP) Slight  Price Recovery Indicates Chances of Selling

Ripple currently faces undue pressure against the United States Dollar. However, the price interplay reflects the entire crypto market situation.

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Ripple( XRP) Slight Price Recovery Indicates Chances of Selling

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