-Bitcoin news, price, information & analysis Ripple price remained in a bearish zone against the US Dollar and Bitcoin. XRP/USD traded towards $0.5750 before starting an upside correction towards $0.6200.
After a minor upside correction, Ripple price faced sellers near $0.6300-0.6400 against the US Dollar. The price started a downside move and declined below the $0.6200 and $0.6000 support levels.
The decline was crucial since the price traded close to the $0.5750 level. A low was formed near at $0.5758 before the price started an upside correction.
It is currently correcting higher towards the $0.6200 level, which was a support earlier. It has moved above the 23.6% Fib retracement level of the last drop from the $0.6702 high to $0.5758 low.
However, there are many barriers on the upside near $0.6200 and $0.6300. More importantly, yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair. Read more from newsbtc.com…
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