Ripple price is vulnerable to further losses as long as it stays below $0.220 while the nearest support is located on the approach to $0.210.
Yesterday, December 4, the price of Ripple (XRP) price was in a bearish trend. After failing to break above the $0.22 resistance level, the coin started to decline.
It has been so long since Ripple Price maintained a bullish sentiment and stood at least above $0.23. At the time of writing, Ripple price is changing hands at $0.21, with nearly 1.46% of gains.
On the upside, if more buyers emerge, the coin will face resistance at the $0.22 level. Once it is out of the way, the recovery may be extended towards $0.23 and above.
On the other hand, strong support is created by $0.2100. A break below this level will increase the bearish pressure and result in an extended sell-off towards November 25 low at $0.20.
Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.
On the 1-hour chart, XRPUSDprice is down and out below $0.2180. Thus, there are high possibilities of a downside extension below the $0.2100 and $0.2050 levels in the coming sessions. The bears seem to be aiming the $0.2000 support.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
Resistance levels: $0.230, $0.240, $0.250
Support levels: $0.210, $0.205, $0.200
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