Key Highlights
- Ripple price tumbled sharply and moved below the $1.0000 support against the US dollar.
- There is a crucial bearish trend line forming with resistance at $1.0200 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
- The pair is likely to extend declines and it could even break below the $0.7500 support in the near term.
Ripple price is under immense pressure against the US Dollar and Bitcoin. XRP/USD is likely to accelerate declines below the $0.7500 support level.
Ripple Price Decline
There was the start to a new downside wave yesterday from the $1.1500 high in Ripple price against the US Dollar. The price tumbled and moved below the $1.0000 and $0.9000 support levels. To initiate the downside move, there was a break below a contracting triangle with support at $1.0600 on the hourly chart of the XRP/USD pair. It traded close to the $0.8000 level and formed a low at $0.8038.
It is currently attempting a correction from $0.8500. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $1.0814 high to $0.8038 low. There are many hurdles on the upside around the $0.9000. The most important resistance is at $0.9750. It was a support earlier and now it could prevent gains above $1.0000. An intermediate resistance is the 50% Fib retracement level of the last decline from the $1.0814 high to $0.8038 low at $0.9420.
Clearly, the price is under a lot of pressure below $1.0000. It seems like it could even break the $0.8030 swing low. The next major support is around the $0.7500 level. If the current pressure remains intact, the price may even break the $0.7500 level.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is currently moving heavily in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving lower and is well below 40.
Major Support Level – $0.7500
Major Resistance Level – $0.9500
Charts courtesy – SimpleFX
klmanjaro 
Amit Juneja 
VegasInfo Wiseguys 
Is it possible for me to buy Ripple with my credit card or ATM card
No. You can buy it with bitcoin only
Thanks. If I had known that I wouldn’t have gone with Coinbase. They don’t sell XRP
Get an exodus eden wallet and get all the XRP you want , simple
thanks 10 million my brother, I’ll do it ASAP like rat now
despite this?? If you have it , I’ll get it not going to be dealing with mega bucks anyhow Have you seen this Can Exodus safely store large amounts?
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La
Vegas I’m totally new at this and it says for advanced users only. Is it something you feel I can do
OK I’ve downloaded it and I really appreciate your help but how in hell do I deposit funds into it?