{"id":369201,"date":"2019-01-25T05:00:34","date_gmt":"2019-01-25T05:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=369201"},"modified":"2024-06-11T13:33:09","modified_gmt":"2024-06-11T13:33:09","slug":"ripple-price-analysis-xrp-trading-sideways-below-key-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-trading-sideways-below-key-resistance\/","title":{"rendered":"Ripple Price Analysis: XRP Trading Sideways Below Key Resistance"},"content":{"rendered":"
Ripple price remains supported on dips against the US Dollar and Bitcoin. However, XRP\/USD must break the $0.3200 and $0.3220 resistance levels to gain bullish momentum.<\/em><\/p>\n Yesterday, we saw yet another rejection<\/a> near the $0.3220 resistance in ripple price against the US Dollar. The XRP\/USD pair traded as high as $0.3230 and later started a downside correction. It moved below the $0.3200 level and the 100 hourly simple moving average. However, the decline was protected by the $0.3130 and $0.3120 support levels. Besides, the 61.8% Fib retracement level of the last leg from the $0.3046 low to $0.3230 high acted as a support. The price started a fresh upward move and traded above the $0.3140 level.<\/p>\n Buyers pushed the price above a key declining channel with resistance at $0.3145 on the hourly chart of the XRP\/USD pair. Besides, there was a break above the 23.6% Fib retracement level of the recent decline from the $0.3230 high to $0.3123 low. The current price action is slightly bearish<\/a> since ripple is facing hurdles near the $0.3175 level and the 100 hourly SMA. Additionally, the 50% Fib retracement level of the recent decline from the $0.3230 high to $0.3123 low is acting as a resistance. If there is an upside break above $0.3175, the price could test $0.3200 and $0.3220.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n