{"id":373751,"date":"2019-03-07T05:00:53","date_gmt":"2019-03-07T05:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=373751"},"modified":"2024-06-11T13:13:15","modified_gmt":"2024-06-11T13:13:15","slug":"ripple-price-analysis-xrp-could-rally-significantly-if-it-breaks-0-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-could-rally-significantly-if-it-breaks-0-3200\/","title":{"rendered":"Ripple Price Analysis: XRP Could Rally Significantly If It Breaks $0.3200"},"content":{"rendered":"
Ripple price is positioned for more upsides against the US Dollar and bitcoin. XRP\/USD could rally towards $0.3250 and $0.3300 once it clears the $0.3200 resistance zone.<\/em><\/p>\n Yesterday, there was a solid recovery in the crypto market<\/a>, with gains in bitcoin<\/a>, Ethereum<\/a> and ripple against the US Dollar. The XRP\/USD pair broke the $0.3080 and $0.3100 resistance levels to move into a bullish zone. Buyers even pushed the price above the $0.3120 resistance and the 100 hourly simple moving average. The upward move was strong and the price recently traded towards the $0.3200 resistance. Yesterday\u2019s buying dips<\/a> idea worked, but gains were capped by the $0.3200 resistance.<\/p>\n A swing high was formed at $0.3198 and later the price corrected lower. It broke the $0.3160 support and the 50% Fib retracement level of the last wave from the $0.3088 low to $.3198 high. However, the decline was protected by the $0.3140 support area. Besides, the 61.8% Fib retracement level of the last wave from the $0.3088 low to $.3198 high acted as a support. The price recovered and it is currently trading above the $0.3160 level.<\/p>\n More importantly, there is a key ascending channel in place with support at $0.3145 on the hourly chart of the XRP\/USD pair. The pair could continue to move higher towards the $0.3200 resistance in the near term. If there is a proper break above the $0.3200 barrier, the price could accelerate higher towards the $0.3250 level. The next key resistance is near the $0.3300 level, where sellers may emerge. On the downside, a bearish break below the channel support might push the price towards the $0.3100 support.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n