{"id":373617,"date":"2019-03-06T05:00:18","date_gmt":"2019-03-06T05:00:18","guid":{"rendered":"https:\/\/wncen.com\/?p=373617"},"modified":"2024-06-11T13:38:28","modified_gmt":"2024-06-11T13:38:28","slug":"ripple-price-analysis-dips-in-xrp-remains-attractive-to-buyers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-dips-in-xrp-remains-attractive-to-buyers\/","title":{"rendered":"Ripple Price Analysis: Dips In XRP Remains Attractive To Buyers"},"content":{"rendered":"
Ripple price recovered sharply from lows against the US Dollar and bitcoin<\/a>. XRP\/USD settled above the key $0.3080 resistance, which could now act as a buy zone in the near term.<\/em><\/p>\n Yesterday, there was a downside reaction in ripple price below the $0.3000 support<\/a> against the US Dollar. The XRP\/USD pair tested the $0.2970 support, where buyers emerged. Later, the price recovered above $0.3000 and started consolidating losses. Finally, sellers failed to push the price to a new intraday low, resulting in bullish moves above $0.3020. There was a sharp upward move and the price broke the $0.3030 resistance level.<\/p>\n During the upward move, yesterday\u2019s highlighted important bearish trend line was breached near $0.3030 on the hourly chart of the XRP\/USD pair. The pair even broke the 61.8% Fib retracement level of the last decline from the $0.3232 high to $0.2970 swing low. More importantly, there was a close above the $0.3080 resistance and the 100 hourly simple moving average. Finally, there was a break above the $0.3150 resistance before sellers emerged near the $0.3170 level.<\/p>\n The 76.4% Fib retracement level of the last decline from the $0.3232 high to $0.2970 swing low acted as a resistance. The price is currently correcting lower and trading below $0.3150. There is a strong support placed near the $0.3080 level and the 100 hourly simple moving average<\/a>. The next key support is at $0.3068, below which the price could move back into the bearish zone. If the 100 hourly SMA holds, the price is likely to bounce back above $0.3150. A clear break above the $0.3170 resistance may perhaps push the price towards the $0.3200 and $0.3220 resistance levels.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n