{"id":382014,"date":"2019-05-14T03:38:15","date_gmt":"2019-05-14T03:38:15","guid":{"rendered":"https:\/\/wncen.com\/?p=382014"},"modified":"2024-06-11T13:15:42","modified_gmt":"2024-06-11T13:15:42","slug":"ripple-xrp-price-rallies-15-bulls-now-aim-0-42","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-rallies-15-bulls-now-aim-0-42\/","title":{"rendered":"Ripple (XRP) Price Rallies 15%: Bulls Now Aim $0.42 or Higher"},"content":{"rendered":"<ul>\n<li>Ripple price surged higher and broke the $0.3150 and $0.3300 resistance levels against the US dollar.<\/li>\n<li>The price even broke the $0.3500 resistance and tested the $0.3750 resistance area.<\/li>\n<li>There was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair traded as high as $0.3778 and it may continue to grind higher towards $0.4000 or $0.4200.<\/li>\n<\/ul>\n<p><em>Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus <a href=\"https:\/\/wncen.com\/2019\/05\/13\/bitcoin-btc-price-uptrend-intact-7500\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP is now well above $0.3500 and it looks set for more gains above $0.4000.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>After a successful close above $0.3000 and $0.3100, ripple price gained bullish momentum against the US Dollar. The XRP\/USD pair rallied significantly above the $0.3500 resistance and gained more than 15%. The bulls took control after there was a close above the $0.3200 level and the 100 hourly simple moving average. Recently, <a href=\"https:\/\/wncen.com\/2019\/05\/12\/bitcoin-btc-price-bulls-target-8000\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price rallied above the $7,800 and $8,000 levels<\/a>, which helped altcoins such as <a href=\"https:\/\/wncen.com\/2019\/05\/14\/ethereum-eth-price-new-highs-above-210-likely\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> and ripple in moving higher.<\/p>\n<p>During the rise, there was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP\/USD pair. The pair surged above the key $0.3550 and $0.3600 resistance levels. There was even a spike above the $0.3750 level and the price traded as high as $0.3778. It is currently correcting lower below $0.3700. An immediate support is $0.3640 and the 23.6% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high.<\/p>\n<p>On the downside, there are <a href=\"https:\/\/wncen.com\/2019\/05\/13\/ripple-xrp-price-primed-for-more-upsides\/\" target=\"_blank\" rel=\"noopener noreferrer \">many supports<\/a> above the $0.3400 and $0.3450 levels. The 50% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high is also near the $0.3495 level. Therefore, if there is a downside correction, the price may find bids near the $0.3550, $0.3500 or $0.3495 levels. On the upside, the $0.3750 and $0.3800 levels are initial hurdles. A successful break above $0.3800 is likely to set the pace for more upsides above the $0.4000 level in the coming sessions.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-382015\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.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-9.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-9.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 started a strong upward move above the $0.3300 and $0.3500 levels. The gates are now open for a push above the main $0.4000 resistance level. If there are further upsides, the price may even test the $0.4200 barrier.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is gaining strong momentum in the bullish zone, with positive signs.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well above the 75 level, with overbought conditions.<\/p>\n<p>Major Support Levels \u2013 $0.3640, $0.3550 and $0.3495.<\/p>\n<p>Major Resistance Levels \u2013 $0.3750, $0.3800 and $0.4000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price surged higher and broke the $0.3150 and $0.3300 resistance levels against the US dollar. The price even broke the $0.3500 resistance and tested the $0.3750 resistance area. There was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair traded as high as $0.3778 and it may continue to grind higher towards $0.4000 or $0.4200. Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus bitcoin. XRP is now well above $0.3500 and it looks set for more gains above $0.4000. Ripple Price Analysis After a successful close above $0.3000 and $0.3100, ripple price gained bullish momentum against the US Dollar. The XRP\/USD pair rallied significantly above the $0.3500 resistance and gained more than 15%. The bulls took control after there was a close above the $0.3200 level and the 100 hourly simple moving average. Recently, bitcoin price rallied above the $7,800 and $8,000 levels, which helped altcoins such as Ethereum and ripple in moving higher. During the rise, there was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP\/USD pair. The pair surged above the key $0.3550 and $0.3600 resistance levels. There was even a spike above the $0.3750 level and the price traded as high as $0.3778. It is currently correcting lower below $0.3700. An immediate support is $0.3640 and the 23.6% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high. On the downside, there are many supports above the $0.3400 and $0.3450 levels. The 50% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high is also near the $0.3495 level. Therefore, if there is a downside correction, the price may find bids near the $0.3550, $0.3500 or $0.3495 levels. On the upside, the $0.3750 and $0.3800 levels are initial hurdles. A successful break above $0.3800 is likely to set the pace for more upsides above the $0.4000 level in the coming sessions. Looking at the chart, ripple price clearly started a strong upward move above the $0.3300 and $0.3500 levels. The gates are now open for a push above the main $0.4000 resistance level. If there are further upsides, the price may even test the $0.4200 barrier. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is gaining strong momentum in the bullish zone, with positive signs. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well above the 75 level, with overbought conditions. Major Support Levels \u2013 $0.3640, $0.3550 and $0.3495. Major Resistance Levels \u2013 $0.3750, $0.3800 and $0.4000.<\/p>\n","protected":false},"author":67,"featured_media":167058,"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-382014","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 Rallies 15%: Bulls Now Aim $0.42 or Higher<\/title>\n<meta name=\"description\" content=\"Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus bitcoin. 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XRP is now well above $0.3500 and it looks set for more gains above $0.4000.","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-xrp-price-rallies-15-bulls-now-aim-0-42\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Rallies 15%: Bulls Now Aim $0.42 or Higher","og_description":"Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus bitcoin. 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