Ripple (XRP) Price Could Bleed Further Versus Bitcoin (BTC)

Ripple price failed to stay
above the 0.0000808BTC support and extended declines against bitcoin. XRP to
BTC is currently under pressure and it could slide further below 0.0000780BTC.

Key Talking Points

  • Ripple price failed to break the 0.0000820BTC
    resistance and declined further against bitcoin.
  • Two bearish trend lines are in place with
    resistance at 0.0000780BTC and 0.0000792BTC on the 4-hours chart of XRP to BTC (Data
    feed via Binance).
  • The price may decline heavily once there is a
    break below the 0.0000780BTC support level.

Ripple Price Analysis

After a decent upward move, bitcoin, litecoin, Ethereum, EOS, ripple and BNB starred a downside correction versus the USD. However, XRP to BTC remained in a bearish zone and struggled to clear the 0.0000812BTC and 0.0000820BTC resistance levels.

Ripple Price Analysis Chart

Looking at the chart, the price spiked above the 0.0000820BTC resistance recently, but it failed to stay in the positive zone. It started a major decline and broke the…

Read Full Story : Ethereum World News

2019-03-20 06:07:08

Aayush Jindal

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