{"id":369086,"date":"2019-01-24T05:00:17","date_gmt":"2019-01-24T05:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=369086"},"modified":"2024-06-11T13:33:08","modified_gmt":"2024-06-11T13:33:08","slug":"ripple-price-analysis-xrp-could-dip-and-rip-above-0-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-could-dip-and-rip-above-0-3200\/","title":{"rendered":"Ripple Price Analysis: XRP Could Dip and Rip Above $0.3200"},"content":{"rendered":"
Ripple price is slowly retreating from recent highs against the US Dollar and Bitcoin. XRP\/USD is likely forming a dip and rip scenario with supports near the $0.3120 and $0.3110 levels.<\/em><\/p>\n Yesterday, we saw a sharp bullish reaction<\/a> from the $0.3050 support area in ripple price against the US Dollar. The XRP\/USD pair gained pace above $0.3120 and $0.3160 to move into a positive zone. It even spiked above the $0.3200 level and the 100 hourly simple moving average. However, the price struggled to hold gains above $0.3220 and later declined. The price also failed near the 61.8% Fib retracement level of the last decline from the $0.3345 high to $0.3047 low. It dipped below the $0.3200 and $0.3180 levels to start a downside correction.<\/p>\n During the recent decline, the price moved below the $0.3150 level and the 100 hourly SMA. Besides, there was a break below the 50% Fib retracement level of the last wave from the $0.3047 low to $0.3231 high. At the outset, there is a declining channel in place with support at $0.3130 on the hourly chart of the XRP\/USD pair. The current price action suggests that the price could dip below the $0.3130 and $0.3120 levels. Having said that, the price is likely to find bids<\/a> near the $0.3100 for a fresh upward move.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n