{"id":369835,"date":"2019-01-31T05:00:37","date_gmt":"2019-01-31T05:00:37","guid":{"rendered":"https:\/\/wncen.com\/?p=369835"},"modified":"2024-06-11T13:33:16","modified_gmt":"2024-06-11T13:33:16","slug":"ripple-price-analysis-xrps-trend-overwhelmingly-bullish-above-0-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrps-trend-overwhelmingly-bullish-above-0-3200\/","title":{"rendered":"Ripple Price Analysis: XRP\u2019s Trend Overwhelmingly Bullish Above $0.3200"},"content":{"rendered":"
Ripple price jumped back sharply in the bullish zone against the US Dollar and Bitcoin. XRP\/USD is trading with a positive bias and dips remain supported near $0.3200.<\/em><\/p>\n After forming a solid support base near $0.2800, ripple price started a strong recovery against the US Dollar. The XRP\/USD pair rallied and broke many important resistances<\/a> such as $0.3000 and $0.3150. Buyers were able to clear the 61.8% Fib retracement level of the slide from the $0.3175 high to $0.2776 low. It opened the doors for more gains and the price settled above $0.3150 plus the 100 hourly simple moving average.<\/p>\n More importantly, there was a break above two bearish trend lines with resistance near $0.2920 on the hourly chart of the XRP\/USD pair. The pair surpassed the $0.3200 and $0.3250 resistance levels to move into a positive zone<\/a>. The recent price action was positive above $0.3300 and the price formed a new weekly high at $0.3338. It is currently correcting lower towards the $0.3240 and $0.3210 supports. The 23.6% Fib retracement level of the recent wave from the $0.2827 low to $0.3338 high is near $0.3215 to act as a support. Moreover, there is a connecting bullish trend line in place with support at $0.3210 on the same chart.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n