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       #Post#: 541--------------------------------------------------
       Ripple Price Analysis: Could XRP Revisit $0.2000 Support Area
       By: AlexaneJohnson Date: December 5, 2019, 3:54 am
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       [center]Ripple (XRP) price rallied above the $0.2220 resistance
       level only to fail desperately and decline to the $0.2265 price
       against the United States Dollar.
       Nevertheless, Ripple (XRP) is still holding the downtrend
       despite the recent market rally against the US Dollar. Similar
       to Bitcoin, XRP price has chances to revisit its near support of
       $0.2000.[/center]
       [center][img width=400
       height=265]
  HTML https://s3-ap-southeast-2.amazonaws.com/www.cryptoknowmics.com/crypto/wp-content/uploads/2019/12/xrp.jpg[/img][/center]
       [center]Ripple Price Analysis
       Following the $0.2100 support area tagging, Ripple seems to be
       gaining a strong rise beyond $0.2200 resistance area against the
       US Dollar. Furthermore, XRP price is rallying above the 100
       hourly simple moving average and the $0.2220 resistance.
       Nevertheless, both $0,2270 and $0.2265 acted as strong price
       hurdles. In fact the formation of a swing high around the
       $0.2277 resulted to XRP price starting to trim gains. Hence,
       resulting in trades below the $0.2180 as well as the 100 hourly
       SMA.
       Additionally, Ripple (XRP) price already broke the 50% Fib
       retracement level of the recent price movement to a $0.2277 high
       from $0.2097 low. It is likely that the price made an
       unsuccessful attempt to recover above the $0.2220 and $0.2265
       price levels. XRP is currently trading under the 76.4$ Fibonacci
       retracement level of the recent price increase from a $0.2097
       low to a $0.2277 high. Hence, there exists the risk of a
       downside break below the $0.2100 support in the short term.
       For instance, the mentioned case above denotes the possibility
       of Ripple’s price trading below the $0.2050 support. In fact,
       the main support is around the $0.2000 level, a point where the
       bulls seem to be taking their stand. Further losses could,
       therefore, push the price into a drastic downtrend towards the
       $0.1900 or even the $0.1850 price zone.
       Note the huge number of resistance on the upside near the
       $0.2150 and $0.2180 price levels. There is also a bearish trend
       line forming near the $0.2210 with resistance on the hourly
       XRP/USD pair chart. An intermediate resistance is also gaining
       shape around the $0.2200 and the 100 -simple moving average.
       [/center]
       [center]source>>
  HTML https://www.cryptoknowmics.com/news/ripple-price-analysis-could-xrp-revisit-0-2000-support-area[/center]
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