{"id":375477,"date":"2019-03-21T05:00:57","date_gmt":"2019-03-21T05:00:57","guid":{"rendered":"https:\/\/wncen.com\/?p=375477"},"modified":"2024-06-11T13:15:18","modified_gmt":"2024-06-11T13:15:18","slug":"ripple-xrp-price-facing-hurdles-while-bitcoin-ethereum-turn-north","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-facing-hurdles-while-bitcoin-ethereum-turn-north\/","title":{"rendered":"Ripple (XRP) Price Facing Hurdles While Bitcoin, Ethereum Turn North"},"content":{"rendered":"
Ripple price failed to hold gains against the US Dollar, but upsides were limited versus bitcoin<\/a>. XRP\/USD is currently consolidating above $0.3140 and it could slowly move higher.<\/em><\/p>\n Recently, ripple price formed a solid support near the $0.3100 level against the US Dollar. The XRP\/USD pair started a nice upward move and traded above the $0.3120 and $0.3140 resistance levels. There was even a close above the $0.3140 resistance and the 100 hourly simple moving average. The upward move was strong as the price cleared the 76.4% Fib retracement level of the last drop from the $0.3185 high to $0.3095 low.<\/p>\n Besides, there was a break above a key bearish trend line with resistance at $0.3145 on the hourly chart of the XRP\/USD pair. The pair climbed above the $0.3180 level, but it faced a strong resistance near the $0.3200 level. The current price action in bitcoin and Ethereum<\/a> seems to be positive, but ripple failed to remain in a positive zone. It corrected lower below $0.3180 and the 23.6% Fib retracement level of the recent wave from the $0.3094 low to $0.3201 high.<\/p>\n However, the $0.3150 level is acting as a support, which was a resistance earlier. The 50% Fib retracement level of the recent wave from the $0.3094 low to $0.3201 high also acted as a hurdle. At the moment, it seems like there is a short term channel formed with support at $0.3150. Therefore, as long as the price is above $0.3150, there are chances of a fresh upside towards the $0.3200 barrier.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n