- Ripple price seems to be struggling near the $0.3600 and $0.3700 resistance levels against the US dollar.
- The price is likely to break the $0.3480 support area and decline further in the near term.
- There is a key bearish trend line formed with resistance near $0.3600 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could correct below the $0.3480 and $0.3400 levels, but the $0.3250 level is a strong support.
Ripple price is signaling a downside correction against the US Dollar and bitcoin. XRP might decline below $0.3400, but buyers are likely to take a stand near $0.3320 or $0.3250.
Ripple Price Analysis
After a rejection near the $0.3790 level, ripple price corrected lower against the US Dollar. The XRP/USD pair declined below the $0.3700 and $0.3600 levels. Later, the price bounced back and made a few attempts to gain strength above the $0.3700 and $0.3740 resistance levels. However, buyers failed and the price dived below the 50% Fib retracement…
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