Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/news/ripple-price-analysis-xrp-usd-could-correct-to-0-4290-before-lower/amp/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Ripple Price Analysis: XRP/USD Could Correct To $0.4290 Before Lower

Ripple Price Analysis: XRP/USD Could Correct To $0.4290 Before Lower

technical analysis ripple

Key Highlights

Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is likely to correct to $0.4290 before sellers take back control from buyers.

Ripple Price Analysis

Yesterday, we saw a sharp downside move below the $0.4000 level in Ripple price against the US Dollar. The XRP/USD pair spiked towards $0.3900 before correcting higher. However, the correction was limited and the price declined further below $0.3900 and $0.3800. It traded close to the $0.3580 level and formed a low at $0.3589. The price is currently correcting higher, but it is still well below $0.4400 and the 100 hourly simple moving average.

It has moved above the 23.6% Fib retracement level of the last slide from the $0.4990 swing high to $0.3589 low. It seems like it is about to break a short term bearish trend line at $0.4000 on the hourly chart. In the mentioned case, the price may continue to correct higher towards the $0.4200 and $0.7290 levels. The next major hurdle is near $0.4290 and the 50% Fib retracement level of the last slide from the $0.4990 swing high to $0.3589 low. Moreover, there is a monster bearish trend line in place with resistance near $0.4290 on the same chart of the XRP/USD pair.

Looking at the chart, ripple price could correct towards the $0.4290 zone, but later it is likely to resume its slide below $0.4000 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving higher towards 50 level.

Major Support Level – $0.3800

Major Resistance Level – $0.4290

Exit mobile version