Over the last 20 hours, Ripple has continuously struggled climbing higher against the United States dollar. For instance, its price struggled climbing above $0.3060 level, and after a short time, it declined against the United States dollar to almost $0.2995. As a result, the Ripple price is more likely to hit $0.2920 before climbing again.
Despite such a negative segment, experts and analysts predict that there is still great hope and assurance for ripple recovering. According to both experts and analysts, the XRP/USD hourly chart provides a few positive signs that Ripple price will get past and above $0.2950 within the week. However, both Bitcoin and Ethereum will continue straggling and declining. As a result, BTC and ETH are likely to miss recovering, after their negative sentiment stopped their recovery yesterday.
A good example is where Ethereum price recently declined towards $200, and as its support area, it later started an upside correction. Similarly, Ripple saw a decline in its price to below $0.3050 and $0.3000 against the United States dollar. As a result, the XRP/USD pair price broke both the $0.2950 support and its 100 hourly moving average. More so, Ripple price further declined to $0.2900 where it saw a negative sentiment to the extent of trading to as low as $0.2897.
The XRP/USD price of $0.2897 was the last major drop, after a break above the 23.6% Fib retracement level. On top of that, the XRP/USD pair saw another break above the central bearish trend line which saw resistance near $ 0.2990, especially on its hourly chart.
Following the two breaks, the XRP/USD pair started an upside correction and recovery where it first tested the $0.3050 resistance. As a result, the pair started consolidating above the 100 hourly simple moving average. Also, the pair made a 50% Fib retracement level on the last major drop which almost near the $0.3100 area. On that note, experts and analysts believe that the XRP/USD price can accelerate gains in case there is a break above $0.3100.
Just like the upside, XRP/USD has decent support forming on the downside near $0.2950. On top of that, and near $0.2950, there is still a connecting bullish trend line support that is forming. These two illustrates that XRP/USD dips remain supported near $0.2950. Therefore, in case the price drops past $0.2950 support, there is the possibility that the next key support areas near $0.2840.
A keen look on the XRP/USD crypto hourly chart confirms that the recent Ripple price indicates few positive signs of hitting above the $0.2950 support area. As a result, even if Ripple price continues struggling, it is indisputable that Ripple price will recover. However, just like BTC, Ethereum will continue facing hurdles after its recent decline towards $200. With that said, Ripple is the ideal choice that one can invest in for the next few days or a fortnight.