Ripple (XRP) Poised To Extend Losses Below $0.18: Here’s Why

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[NEWS BLOG]: Ripple (XRP) Poised To Extend Losses Below $0.18: Here’s Why

"Ripple Price Could Dive Further"

After a close below the $0.1900 pivot level, ripple extended its decline. XRP price broke the key $0.1880 support zone to move further into a bearish zone.

The bears were able to push the price below the $0.1850 level and the 100 hourly simple moving average. A new weekly low is formed near the $0.1783 and the price is currently recovering higher.

There was a break above the $0.1800 and $0.1820 levels. Ripple managed to recover above the 23.6% Fib retracement level of the downward move from the $0.1950 high to $0.1780 swing low.

On the upside, the previous supports near $0.1850 and $0.1865 are currently acting as hurdles for the bulls. The 50% Fib retracement level of the downward move from the $0.1950 high to $0.1780 swing low is also near the $0.1866 to stop the current wave.


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