{"id":381092,"date":"2019-05-07T04:08:45","date_gmt":"2019-05-07T04:08:45","guid":{"rendered":"https:\/\/wncen.com\/?p=381092"},"modified":"2024-06-11T13:39:41","modified_gmt":"2024-06-11T13:39:41","slug":"ripple-xrp-price-recovering-btc-eth-rallies","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/","title":{"rendered":"Ripple (XRP) Price Recovering Higher Within Range: BTC, ETH Rallies"},"content":{"rendered":"<ul>\n<li>Ripple price traded to a new weekly low at $0.2918 and recently recovered against the US dollar.<\/li>\n<li>The price climbed higher and broke the $0.2985 and $0.3000 resistance levels.<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.2970 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is currently facing a strong resistance near the $0.3040 and $0.3050 levels.<\/li>\n<\/ul>\n<p><em>Ripple price started a decent recovery against the US Dollar after a strong upward move in <a href=\"https:\/\/wncen.com\/2019\/05\/06\/bitcoin-btc-price-key-support-fresh-rise\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/2019\/05\/07\/ethereum-eth-price-bulls-eyeing-200\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a>. XRP broke the $0.3000 level and it may move higher towards $0.3100.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, we saw an increase in bearish pressure ripple price below $0.3020 against the US Dollar. The XRP\/USD pair traded below the key $0.3000 support level and even settled below the 100 hourly simple moving average. It opened the doors for more losses and the price even broke the $0.2950 support level. A new weekly low was formed near $0.2918 and recently the price bounced back. The main driving force was <a href=\"https:\/\/wncen.com\/2019\/05\/06\/crypto-market-bitcoin-cash-xlm-eos-trx-price-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>, trading above the $5,850 resistance level.<\/p>\n<p>During the recent rise, there was a break above a key bearish trend line with resistance near $0.2970 on the hourly chart of the XRP\/USD pair. There was a clear break above the 50% Fib retracement level of the <a href=\"https:\/\/wncen.com\/2019\/05\/06\/ripple-xrp-price-vulnerable-3050\/\" target=\"_blank\" rel=\"noopener noreferrer \">downside move<\/a> from the $0.3125 high to $0.2918 low. Besides, the pair broke the $0.3000 resistance and the 100 hourly simple moving average. However, the price faced a strong resistance near the $0.3040 and $0.3050 levels. It seems like the price struggled to clear the 61.8% Fib retracement level of the downside move from the $0.3125 high to $0.2918 low.<\/p>\n<p>There is also a connecting bearish trend line in place with resistance near $0.3040 on the same chart. Therefore, a clear break above the $0.3040 and $0.3050 resistance levels may open the doors for more gains. The next key resistance is near the $0.3080 and $0.3100 levels. Above $0.3100, the price may attempt to clear the last swing high near the $0.3125 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381093\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-4.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 clearly recovered nicely after trading to a new weekly low and $0.3000. The current price action is positive above $0.3000. If there is a downside correction, the price may find bids near the $0.3000 level and the 100 hourly SMA. Any further declines may push the price back in a bearish zone towards $0.2920.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is showing negative signs in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently retreating from the 60 level.<\/p>\n<p>Major Support Levels \u2013 $0.3010, $0.3000 and $0.2950.<\/p>\n<p>Major Resistance Levels \u2013 $0.3040, $0.3080 and $0.3100.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price traded to a new weekly low at $0.2918 and recently recovered against the US dollar. The price climbed higher and broke the $0.2985 and $0.3000 resistance levels. There was a break above a key bearish trend line with resistance near $0.2970 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is currently facing a strong resistance near the $0.3040 and $0.3050 levels. Ripple price started a decent recovery against the US Dollar after a strong upward move in bitcoin and Ethereum. XRP broke the $0.3000 level and it may move higher towards $0.3100. Ripple Price Analysis Yesterday, we saw an increase in bearish pressure ripple price below $0.3020 against the US Dollar. The XRP\/USD pair traded below the key $0.3000 support level and even settled below the 100 hourly simple moving average. It opened the doors for more losses and the price even broke the $0.2950 support level. A new weekly low was formed near $0.2918 and recently the price bounced back. The main driving force was bitcoin, trading above the $5,850 resistance level. During the recent rise, there was a break above a key bearish trend line with resistance near $0.2970 on the hourly chart of the XRP\/USD pair. There was a clear break above the 50% Fib retracement level of the downside move from the $0.3125 high to $0.2918 low. Besides, the pair broke the $0.3000 resistance and the 100 hourly simple moving average. However, the price faced a strong resistance near the $0.3040 and $0.3050 levels. It seems like the price struggled to clear the 61.8% Fib retracement level of the downside move from the $0.3125 high to $0.2918 low. There is also a connecting bearish trend line in place with resistance near $0.3040 on the same chart. Therefore, a clear break above the $0.3040 and $0.3050 resistance levels may open the doors for more gains. The next key resistance is near the $0.3080 and $0.3100 levels. Above $0.3100, the price may attempt to clear the last swing high near the $0.3125 level. Looking at the chart, ripple price clearly recovered nicely after trading to a new weekly low and $0.3000. The current price action is positive above $0.3000. If there is a downside correction, the price may find bids near the $0.3000 level and the 100 hourly SMA. Any further declines may push the price back in a bearish zone towards $0.2920. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is showing negative signs in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently retreating from the 60 level. Major Support Levels \u2013 $0.3010, $0.3000 and $0.2950. Major Resistance Levels \u2013 $0.3040, $0.3080 and $0.3100.<\/p>\n","protected":false},"author":67,"featured_media":162372,"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-381092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Recovering Higher Within Range: BTC, ETH Rallies<\/title>\n<meta name=\"description\" content=\"Ripple price started a decent recovery against the US Dollar after a strong upward move in bitcoin and Ethereum. 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XRP broke the $0.3000 level and it may move higher towards $0.3100.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-07T04:08:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:39:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2017\/12\/Ripple_Price_XRP_USD_Analysis-2.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Recovering Higher Within Range: BTC, ETH Rallies\",\"datePublished\":\"2019-05-07T04:08:45+00:00\",\"dateModified\":\"2024-06-11T13:39:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/\"},\"wordCount\":420,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2017\/12\/Ripple_Price_XRP_USD_Analysis-2.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/\",\"name\":\"Ripple (XRP) Price Recovering Higher Within Range: BTC, ETH Rallies\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-recovering-btc-eth-rallies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2017\/12\/Ripple_Price_XRP_USD_Analysis-2.jpg?fit=1200%2C741\",\"datePublished\":\"2019-05-07T04:08:45+00:00\",\"dateModified\":\"2024-06-11T13:39:41+00:00\",\"description\":\"Ripple price started a decent recovery against the US Dollar after a strong upward move in bitcoin and Ethereum. 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