{"id":368185,"date":"2019-01-15T05:00:15","date_gmt":"2019-01-15T05:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=368185"},"modified":"2024-06-11T13:32:58","modified_gmt":"2024-06-11T13:32:58","slug":"ripple-price-analysis-xrp-targets-fresh-weekly-highs-above-0-3500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-targets-fresh-weekly-highs-above-0-3500\/","title":{"rendered":"Ripple Price Analysis: XRP Targets Fresh Weekly Highs Above $0.3500"},"content":{"rendered":"
Ripple price recovered nicely in the past few hours against the US Dollar and Bitcoin. XRP\/USD may target the $0.3500 resistance if it breaks $0.3360 and $0.3400.<\/em><\/p>\n Recently, we saw a major drop<\/a> below the $0.3400 support in ripple price against the US Dollar. The XRP\/USD pair even broke the $0.3360 and $0.3200 support levels. It traded close to the $0.3100 level and formed a low at $0.3112. Later, the price started consolidating losses with a bullish angle above $0.3200. Finally, sellers lost control, resulting in a sharp upward move above $0.3250. There was a break above the 23.6% Fib retracement level of the last major drop from the $0.3817 high to $0.3112 low.<\/p>\n More importantly, there was a break above a major bearish trend line with resistance at $0.3200 on the hourly chart of the XRP\/USD pair. The pair settled above the $0.3280 level and the 100 hourly simple moving average. However, the price ran into a key resistance near $0.3360 (the previous support and range high). The price is currently consolidating above $0.3280 and the 100 hourly SMA. Buyers need to gain strengt<\/a>h above $0.3360 and $0.3375 to push the price further higher. The next stop for them could be near $0.3460. It coincides with the 50% Fib retracement level of the last major drop from the $0.3817 high to $0.3112 low.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n