In the past two weeks we have noted the bulls and bears battling at the $0.30 level. Meanwhile, the bulls managed to break above the level a few times before halting down to a no continuation zone. 

The movement signifies an underlying lack of strength for the bulls, which have presently lost both EMAs ; that crossed bearishly. Nevertheless, there could be an explanation to this given the bulls’ fall is due to Bitcoin inability to hold the $9,000 level; A pretty significant price support. 

During press time, XRP is trading at $0.27. The position of its last support level. In case the bulls fail to defend this price level,  bears will certainly fall into a daily downtrend. Nonetheless, there are no more effective support levels around and the closest is further down at $0.25.  

Currently, the 4-hour chart is in favour of the bears and looks foward to a trend line donwards with a significant solid volume. The weekly chart seems pretty favourable for the bulls which at the moment, are attempting to mount a decisive higher low towards eventually changing the trend. However, the <a href="https://www.cryptoknowmics.com/crypto/bitcoin-price-dives-below-7500-a-10-plunge-within-a-day/">bulls</a> require massive work to grant them a higher low. 
<h2>XRP Highlights</h2>
The following summary represents XRP current  perfomance in the market. 
<ul>
 	<li style="font-weight: 400">XRP trading in a downtrend under $0.2750 resistance and against the United States Dollar</li>
 	<li style="font-weight: 400">Price Facing hurdlers on the upside around $0.2740</li>
 	<li style="font-weight: 400">Weekly crucial bearish trend line intact with $0.2800 resistance on the hourly XRP/USD chart.</li>
</ul>
On the downside, the monthly chart for XRP is worse and has been trending poorly through the entire fall. Currently , XRP is facing a steep downtrend that might not change for the better any time soon; unless the bulls work out a significant price push miracle. However, it cant be all bad news given that XRP downtrend has been slowing down; and well, <a href="https://www.qwoter.com/college/Advanced-Trading/bullish-bearish-volume.html">the bearish volume</a> doesnt seem that deep during press time. 

&nbsp;

XRP Bulls Attempting a $0.3, But Bears Risking a Price Breakdown

XRP is trading at $0.27. The position of its last support level. In case the bulls fail to defend this price level, bears will fall into a daily downtrend.

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

XRP Bulls Attempting a $0.3, But Bears Risking a Price Breakdown

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