-Bitcoin news, price, information & analysis Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD should hold the 100 hourly SMA to start a fresh upside wave towards $0.9200.
There were no major gains in Ripple price above the $0.9000 level against the US Dollar. The price started a downside move from the $0.9091 high and declined below $0.9000.
There was a break below the 23.6% Fib retracement level of the last wave from the $0.7558 low to $0.9091 high. It opened the doors for more losses and the price declined below the $0.8500 support.
However, the price found support above the $0.8250 level. Moreover, the 50% Fib retracement level of the last wave from the $0.7558 low to $0.9091 high acted as a support.
XRP price recovered and moved above $0.8300 with a positive angle. At the moment, there is a key bullish trend line forming with support near $0.8400 on the hourly chart of the XRP/USD pair. Read more from newsbtc.com…
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