{"id":234264,"date":"2019-08-02T19:59:11","date_gmt":"2019-08-02T23:59:11","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=234264"},"modified":"2019-08-02T20:01:29","modified_gmt":"2019-08-03T00:01:29","slug":"ripple-price-analysis-the-market-remains-indecisive-as-xrp-stumbles-again-with-a-bearish-step-back","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ripple-price-analysis-the-market-remains-indecisive-as-xrp-stumbles-again-with-a-bearish-step-back","title":{"rendered":"Ripple Price Analysis: The Market Remains Indecisive as XRP Stumbles Again with a Bearish Step Back"},"content":{"rendered":"

XRP Price Analysis \u2013 August 2<\/strong><\/p>\n

Ripple price is struggling to rise steadily against the US dollar, while Bitcoin has risen above 4%. The price of the XRP could start to increase decently if it exceeds the resistances of $0.31 and $0.32.<\/p>\n

XRP\/USD Market<\/h4>\n

Key Levels:
\nSupply levels: $0.35, $0.37, $0.39
\nDemand levels: $0.28, $0.26, $0.24<\/p>\n

\"\"<\/a>
XRPUSD – Daily Chart<\/figcaption><\/figure>\n

The Ripple (XRP) market fell sharply to the crucial support at $0.30 after the price was rejected at around $0.310 – following the symmetrical triangle pattern that had been spotted at the end of July 2019. Currently, bears seem to be coming back to the market.<\/p>\n

However, the bulls have to take the price above $0.33 level to build an additional upside momentum to gain traction with the next focus on $0.35, followed by psychological $0.37 and $0.39 levels. On the downside, the initial support comes at $0.28, $0.26 and $0.24 respectively. The upward divergence of the MACD shows that XRP has a positive agreement with the trend.<\/p>\n

XRP\/BTC Market<\/h4>\n

Comparing with Bitcoin, the Ripple price is changing hands at 3317SAT and it is currently trading within a channel. The MACD suggests that the price will break down as it crosses down the 21-day moving average. The nearest resistance levels may be at 3700SAT, 3900SAT and 4100SAT.<\/p>\n

\"\"<\/a>
XRPBTC – Daily Chart<\/figcaption><\/figure>\n

Moreover, the fact that a bearish pattern was created inside a significant support area increases the possibility that it will soon initiate a reversal. The nearest level of support lies at the 2800SAT and we can expect further support at 2600SAT and 2400SAT respectively.<\/p>\n

Please note:<\/em><\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP Price Analysis \u2013 August 2 Ripple price is struggling to rise steadily against the US dollar, while Bitcoin has risen above 4%. The price […]<\/a><\/div>","protected":false},"author":1742,"featured_media":234378,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5257,7992,7591,8085],"class_list":["post-234264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-ripple","tag-technical-analysis","tag-xrp","tag-xrpusd"],"acf":[],"yoast_head":"\nRipple Price Analysis: The Market Remains Indecisive as XRP Stumbles Again with a Bearish Step Back<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to rise steadily against the US dollar, while Bitcoin has risen above 4%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/234264\" 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