<div style="margin-bottom:20px;"><img width="1828" height="919" src="https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ripple Price Analysis XRP USD" srcset="https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart.png 1828w, https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-300x151.png 300w, https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-768x386.png 768w, https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-1024x515.png 1024w" sizes="(max-width: 1828px) 100vw, 1828px" /><br/></div><p><em>Ripple price retested the $0.4250-0.4300 support area and bounced back against the US Dollar. XRP/USD must clear $0.4550-0.4660 resistance zone for more gains.</em></p>
<p><strong>Key Talking Points</strong></p>
<ul>
<li>Ripple price is facing a tough resistance near the $0.4550 and $0.4660 resistances against the US Dollar.</li>
<li>There is a short-term bearish trend line formed with resistance at $0.4460 on the 2-hours chart of the XRP/USD pair (Data feed via Bitstamp).</li>
<li>The pair has to remain above the $0.4250 and $0.4300 support levels to break to the upside.</li>
</ul>
<h2>Ripple Price Forecast</h2>
<p>There was a slow and steady decline recently in Ripple price below the $0.4550 level against the US Dollar. The XRP/USD pair tested a major support area near $0.4250-0.4300 and bounced back.</p>
<p>Looking at the <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank" rel="noopener">chart</a>, the price traded above the $0.4550 resistance level and spiked above the 23.6% Fib retracement level of the last slide from the $0.5235 swing high to $0.4271 low.</p>
<p><a href="https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart.png"><img class="alignnone size-large wp-image-17071" src="https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-1024x515.png" alt="Ripple Price Analysis XRP USD" width="1024" height="515" srcset="https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-1024x515.png 1024w, https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-300x151.png 300w, https://ethereumworldnews.com/wp-content/uploads/2018/08/Ripple_Price_Chart-768x386.png 768w" sizes="(max-width: 1024px) 100vw, 1024px" /><br/></a></p>
<p>However, the price faced a solid resistance near the $0.4660 level. Moreover, the price failed to settle above the $0.4550 barrier and the 100 simple moving average (2-hours). More importantly, there was no complete test of the 38.2% Fib retracement level of the last slide from the $0.5235 swing high to $0.4271 low.</p>
<p>The price declined and moved back below the $0.4550 level. It seems like there is a short-term bearish trend line formed with resistance at $0.4460 on the 2-hours chart of the XRP/USD pair.</p>
<p>Above the trend line, the 100 hourly SMA is positioned at $0.4550. Therefore, there are many barriers formed for buyers near the $0.4550 level, trend line, and the 100 hourly SMA.</p>
<p>Above $0.4550, the price has to move above the $0.4660 resistance to gain bullish momentum. Above this last, ripple price will most likely move higher towards the $0.4800 and $0.5000 levels.</p>
<p>On the downside, the recent low of $0.4271 is a crucial support. XRP/USD must hold above $0.4250 to start a decent recovery in the near term. If not, it may decline towards the $0.4000 support.</p>
<p><em>The market data is provided by TradingView.</em></p>
<p>The post <a rel="nofollow" href="https://ethereumworldnews.com/ripple-price-analysis-xrp-usd-reaching-crucial-juncture/">Ripple Price Analysis: XRP/USD Reaching Crucial Juncture</a> appeared first on <a rel="nofollow" href="https://ethereumworldnews.com">Ethereum World News</a>.</p>