- Ripple hovers around $0.29, fails to maintain stability above $0.30
- XRP has traced a major bearish trendline, which also may pose as resistance levels
- Ripple price has recently broken below $0.30 and is furthering the downward move
It has been so long since Ripple price was holding a bullish sentiment and was at least above $0.35. Over the last couple of days, XRP price is hustling to trade steadily above $0.30 but, apparently, it still lacks the price push against the U.S Dollar.
Yesterday morning was a bit bullish for price of Ripple as the coin saw a few positive signs above $0.30. Though, later the Ripple coin traced a steady dip near $0.2979 and then struck a mild price rebound. XRP has traced a bearish trendline here, while it also managed to trade above $0.30 twice. After the second spike near $0.3009, the XRP price corrected down to $0.2999 and then again climbed to $0.3003 before closing the day.
However, today the coin has slipped below $0.30 and since 2:35 UTC today, XRP price is ranging around $0.29. At 04:26:45 UTC, Ripple price is at $0.2982.
XRP/USD Price Chart by TradingView
Ripple’s current price is 19.70% lower than its 100-day SMA of $0.3714. XRP is carrying a prolonged selling pressure, also the coin has just slipped below its 5-day SMA.
XRP was trading below its 10-day SMA since yesterday, and today’s extended bearish trend has pulled the coin even below its 5-day SMA.
Ripple Price Prediction & Technical Indicators:
MACD chart of XRP/USD is lowly volatile and is in bearish zone. RSI for the coin is near 30 indicating oversold phase. Ripple may see resistance prices at $0.303 and $0.3058 while its support levels appear at $0.298 and $0.2958.