{"id":374125,"date":"2019-03-11T05:00:21","date_gmt":"2019-03-11T05:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=374125"},"modified":"2024-06-11T13:38:32","modified_gmt":"2024-06-11T13:38:32","slug":"ripple-price-analysis-xrp-looks-set-to-climb-above-0-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-looks-set-to-climb-above-0-3200\/","title":{"rendered":"Ripple Price Analysis: XRP Looks Set To Climb Above $0.3200"},"content":{"rendered":"<ul>\n<li>Ripple price has formed a strong support above the $0.3070 level against the US dollar.<\/li>\n<li>The price is facing a couple of strong resistances near the $0.3130 and $0.3160 levels.<\/li>\n<li>There is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is likely to climb above $0.3160 and $0.3200 as long as the $0.3070 support is intact.<\/li>\n<\/ul>\n<p><em>Ripple price is positioning for more gains against the US Dollar and bitcoin. XRP\/USD is likely to rebound above the $0.3200 pivot level once it clears the $0.3130-0.3140 resistance zone.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, there was a <a href=\"https:\/\/wncen.com\/2019\/03\/08\/ripple-price-analysis-xrp-at-major-crossroads-but-100-sma-holds-key\/\" target=\"_blank\" rel=\"noopener noreferrer \">steady decline<\/a> in ripple price below the $0.3070 and $0.3050 supports against the US Dollar. The XRP\/USD pair traded close to the $0.3020 support level and later started a fresh rebound. The price corrected above $0.3070 and $0.3100 before sellers appeared near the $0.3165-0.3170 resistance area. A swing high was formed at $0.3167 and finally the price decline below the $0.3130 support. There was a break below the 50% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high.<\/p>\n<p>Besides, there was a break below the $0.3100 support and the 100 hourly simple moving average. However, the $0.3070-0.3080 support area acted as a strong buy zone. More importantly, the 61.8% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high acted as a support. The price is currently moving higher and trading nicely above the $0.3100 level and the 100 hourly SMA. It seems like there is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, the pair is likely preparing for the next move either above $0.3130 or below the $0.3095 support. On the upside, a break above the $0.3130 resistance may push the price towards the $0.3167 swing high. The <a href=\"https:\/\/wncen.com\/2019\/03\/07\/ripple-price-analysis-xrp-could-rally-significantly-if-it-breaks-0-3200\/\" target=\"_blank\" rel=\"noopener noreferrer \">next key resistance is near the $0.3200 level<\/a>, above which there are chances of a push to $0.3225. On the other hand, a downside break below the triangle support at $0.3095 could push the price towards the $0.3070 support area.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-374126\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Price-7.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is trading with a positive bias above the $0.3070 support. Once there is a clear break above $0.3130 and $0.3140, the chances of more gains are likely to increase. On the downside, the main support area is at $0.3070, followed by $0.3020.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is showing positive signs in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently moving higher towards the 65 level.<\/p>\n<p>Major Support Levels \u2013 $0.3080, $0.3070 and $0.3020.<\/p>\n<p>Major Resistance Levels \u2013 $0.3130, $0.3165 and $0.3200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price has formed a strong support above the $0.3070 level against the US dollar. The price is facing a couple of strong resistances near the $0.3130 and $0.3160 levels. There is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to climb above $0.3160 and $0.3200 as long as the $0.3070 support is intact. Ripple price is positioning for more gains against the US Dollar and bitcoin. XRP\/USD is likely to rebound above the $0.3200 pivot level once it clears the $0.3130-0.3140 resistance zone. Ripple Price Analysis Recently, there was a steady decline in ripple price below the $0.3070 and $0.3050 supports against the US Dollar. The XRP\/USD pair traded close to the $0.3020 support level and later started a fresh rebound. The price corrected above $0.3070 and $0.3100 before sellers appeared near the $0.3165-0.3170 resistance area. A swing high was formed at $0.3167 and finally the price decline below the $0.3130 support. There was a break below the 50% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high. Besides, there was a break below the $0.3100 support and the 100 hourly simple moving average. However, the $0.3070-0.3080 support area acted as a strong buy zone. More importantly, the 61.8% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high acted as a support. The price is currently moving higher and trading nicely above the $0.3100 level and the 100 hourly SMA. It seems like there is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP\/USD pair. Therefore, the pair is likely preparing for the next move either above $0.3130 or below the $0.3095 support. On the upside, a break above the $0.3130 resistance may push the price towards the $0.3167 swing high. The next key resistance is near the $0.3200 level, above which there are chances of a push to $0.3225. On the other hand, a downside break below the triangle support at $0.3095 could push the price towards the $0.3070 support area. Looking at the chart, ripple price is trading with a positive bias above the $0.3070 support. Once there is a clear break above $0.3130 and $0.3140, the chances of more gains are likely to increase. On the downside, the main support area is at $0.3070, followed by $0.3020. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is showing positive signs in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently moving higher towards the 65 level. Major Support Levels \u2013 $0.3080, $0.3070 and $0.3020. Major Resistance Levels \u2013 $0.3130, $0.3165 and $0.3200.<\/p>\n","protected":false},"author":67,"featured_media":338325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-374125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price Analysis: XRP Looks Set To Climb Above $0.3200<\/title>\n<meta name=\"description\" content=\"Ripple price is positioning for more gains against the US Dollar and bitcoin. 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XRP\/USD is likely to rebound above the $0.3200 pivot level once it clears the $0.3130-0.3140 resistance zone.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-looks-set-to-climb-above-0-3200\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price Analysis: XRP Looks Set To Climb Above $0.3200","og_description":"Ripple price is positioning for more gains against the US Dollar and bitcoin. 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