{"id":374632,"date":"2019-03-14T05:00:56","date_gmt":"2019-03-14T05:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=374632"},"modified":"2024-06-11T13:13:54","modified_gmt":"2024-06-11T13:13:54","slug":"ripple-price-analysis-xrp-turned-buy-on-dips-after-upside-break","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-analysis-xrp-turned-buy-on-dips-after-upside-break\/","title":{"rendered":"Ripple Price Analysis: XRP Turned Buy On Dips After Upside Break"},"content":{"rendered":"
Ripple price moved nicely into a bullish zone against the US Dollar and bitcoin<\/a>. XRP\/USD is trading above the $0.3100 support and it could resume its upward move in the near term.<\/em><\/p>\n Recently, we saw a steady decline in ripple price from the $0.3150 swing high against the US Dollar. The XRP\/USD pair traded below the $0.3100 and $0.3080 support levels. However, the $0.3040 support area acted as a strong support. The price started a solid upward move and broke the $0.3060 and $0.3080 resistance levels to move into a positive zone. There was a break above the 61.8% Fib retracement level of the last decline from the $0.3135 high to $0.3045 low.<\/p>\n More importantly, yesterday\u2019s highlighted key bearish trend line was breached with resistance at $0.3085 on the hourly chart of the XRP\/USD pair. It opened the doors for more gains and the price rallied above the $0.3100 resistance and the 100 hourly simple moving average<\/a>. The upward move was strong as the price climbed above the $0.3150 and $0.3200 resistance levels. It traded towards the $0.3250 resistance level and later corrected lower sharply. It declined below the $0.3200 level and the 50% Fib retracement level of the recent rally from the $0.3060 low to $0.3245 high.<\/p>\n However, the previous key resistance near the $0.3100 level is acting as a strong support. Besides, the 76.4% Fib retracement level of the recent rally from the $0.3060 low to $0.3245 high is also near $0.3100. Furthermore, the 100 hourly SMA is also near the $0.3100 level. Therefore, as long as the price is above $0.3100, it could bounce back in the near term.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n