{"id":160126,"date":"2022-07-11T07:05:51","date_gmt":"2022-07-11T07:05:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160126"},"modified":"2022-07-11T07:05:51","modified_gmt":"2022-07-11T07:05:51","slug":"ripple-price-analysis-risk-of-more-losses-below-0-305","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-more-losses-below-0-305\/","title":{"rendered":"Ripple Price Analysis: Risk of More Losses Below $0.305"},"content":{"rendered":"

Ripple price is struggling below $0.3500 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3200 and $0.3050 to avoid more losses.<\/em><\/p>\n

Ripple Price Analysis<\/h2>\n

After forming a base near the $0.3060 zone, ripple price started a fresh recovery against the US Dollar. The XRP\/USD pair was able to clear the $0.3200 resistance zone.<\/p>\n

The price even broke the $0.3320 resistance and the 55 simple moving average (4-hours). However, the price failed to gain strength above the $0.3550 zone. A high was formed near $0.3557 and the price started a fresh decline.<\/p>\n

There was a move below the $0.3320 support. It even traded below the 50% Fib retracement level of the upward move from the $0.3064 swing low to $0.3557 high.<\/p>\n

It is now trading below $0.332 and the 55 simple moving average (4-hours). XRP is also close to the 76.4% Fib retracement level of the upward move from the $0.3064 swing low to $0.3557 high. Besides, there is a major contracting triangle forming with resistance near $0.3500 on the 4-hours chart of the XRP\/USD pair.<\/p>\n

On the upside, the price is facing resistance near $0.3320. The next major resistance is near the $0.3500 level. A clear move above the $0.3500 and $0.3550 resistance zones might start a fresh increase.<\/p>\n

In the stated case, the price could even surpass the $0.3750 resistance. Any more gains might send the price towards the $0.4000 resistance.<\/p>\n

An initial support on the downside is near the $0.3200 level. The next main support is near the $0.3050 zone. Any more losses could lead the price towards the $0.2880 level, below which the price might even test $0.2550.<\/p>\n

<\/p>\n

Ripple Price<\/p>\n

Looking at the chart, ripple price is now trading below $0.3320 and the 55 simple moving average (4-hours). Overall, the price could decline heavily if there is a clear move below the $0.3050 support.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for XRP\/USD is now gaining momentum in the bearish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is below the 50 level.<\/p>\n

Key Support Levels \u2013 $0.3200, $0.3050 and $0.2880.<\/p>\n

Key Resistance Levels \u2013 $0.3320 and $0.3500.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple price is struggling below $0.3500 against<\/p>\n","protected":false},"author":3,"featured_media":160125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nRipple Price Analysis: Risk of More Losses Below $0.305 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-more-losses-below-0-305\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Price Analysis: Risk of More Losses Below $0.305 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ripple price is struggling below $0.3500 against\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-more-losses-below-0-305\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T07:05:51+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/07\/Ripple-Price-Analysis-Risk-of-More-Losses-Below-0.305.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-more-losses-below-0-305\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-more-losses-below-0-305\/\",\"name\":\"Ripple Price Analysis: Risk of More Losses Below $0.305 - 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