{"id":382313,"date":"2019-05-15T04:08:34","date_gmt":"2019-05-15T04:08:34","guid":{"rendered":"https:\/\/wncen.com\/?p=382313"},"modified":"2024-06-11T13:15:48","modified_gmt":"2024-06-11T13:15:48","slug":"ripple-xrp-price-significant-uptrend-can-test-0-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-significant-uptrend-can-test-0-50\/","title":{"rendered":"Ripple (XRP) Price Starts Significant Uptrend: Can It Test $0.50?"},"content":{"rendered":"
Ripple price remained in a strong uptrend and climbed against the US Dollar and bitcoin<\/a>. XRP settled above the $0.4200 level and it is likely to accelerate above $0.4500.<\/em><\/p>\n Yesterday, we saw the start of a strong rally in ripple price<\/a> above the $0.3500 resistance against the US Dollar. The XRP\/USD pair broke many resistance near the $0.3800 level and settled well above the 100 hourly simple moving average. The pair is up more than 40% in the past three days and it recently cleared the $0.4000 resistance level. The upward move was strong as the price cleared the $0.4200 resistance. A new 2019 high was formed near the $0.4480 level and the price is currently in a strong uptrend.<\/p>\n It is testing the 23.6% Fib retracement level of the recent wave from the $0.3754 low to $0.4482 high. On the downside, there are many supports<\/a> near the $0.4220 and $0.4180 levels. There is also a major ascending channel forming with support near $0.4080 on the hourly chart of the XRP\/USD pair. The channel support is close to the 50% Fib retracement level of the recent wave from the $0.3754 low to $0.4482 high. Therefore, if there is a downside correction, the price may find support near the $0.4200 or $0.4100 area.<\/p>\n On the upside, a break above the channel resistance could push the price above $0.4500. The next key resistance is near the $0.4600, above which the price is likely to accelerate towards the $0.4800 level. In the best case, the bulls may even target the $0.5000 level in the next three sessions.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n