{"id":382500,"date":"2019-05-16T04:08:55","date_gmt":"2019-05-16T04:08:55","guid":{"rendered":"https:\/\/wncen.com\/?p=382500"},"modified":"2024-06-11T13:15:49","modified_gmt":"2024-06-11T13:15:49","slug":"ripple-xrp-price-skyrockets-gains-above-0-50-likely","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-skyrockets-gains-above-0-50-likely\/","title":{"rendered":"Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely"},"content":{"rendered":"<ul>\n<li>Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar.<\/li>\n<li>The price tested the $0.4800 area and it looks set to extend gains above $0.5000.<\/li>\n<li>Yesterday\u2019s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>There were sharp gains in <a href=\"https:\/\/wncen.com\/2019\/05\/16\/ethereum-eth-price-surges-20-300-next\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> above $250 and $260, opening the doors for $300.<\/li>\n<\/ul>\n<p><em>Ripple price started a significant upward move against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/05\/15\/bitcoin-btc-price-primed-to-break-8-5k\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP broke $0.4750 and it looks set to surpass $0.5000 or even $0.5200 in the near term.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past few sessions, ripple price gained a strong bullish momentum above the $0.4200 resistance against the US Dollar. The XRP\/USD pair surged above the $0.4400 and $0.4500 resistance levels to register more than 15% gains. The upward move was such that the price even broke the $0.4750 resistance and the price is now trading well above the 100 hourly simple moving average. A swing high is formed at $0.4802 and the <a href=\"https:\/\/wncen.com\/2019\/05\/15\/ripple-xrp-price-significant-uptrend-can-test-0-50\/\" target=\"_blank\" rel=\"noopener noreferrer \">price remains elevated<\/a> above the $0.4700 level.<\/p>\n<p>An initial support is near the $0.4670 level. It coincides with the 23.6% Fib retracement level of the recent wave from the $0.4262 low to $0.4802 high. If there is a downside extension, the price could test the $0.4540 or $0.4520 support levels. The 50% Fib retracement level of the recent wave from the $0.4262 low to $0.4802 high is also near $0.4532 to act as a strong support for the bulls. More importantly, yesterday\u2019s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, dips remains well supported near $0.4540 and $0.4400 in the near term. On the upside, a break above the channel resistance and $0.4810 is likely to set the pace for more gains. An immediate resistance could be $0.4920, above which the price is likely to test the main $0.5000 barrier. Any further gains may perhaps clear the path for a push towards the $0.5200 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-382501\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.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-11.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-11.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 is following a strong uptrend above the $0.4400 and $0.4500 support. It seems like the price is readying for the next leg above the $0.4850 and $0.4920. If there is a downside correction, the bulls are likely to buy aggressively near the $0.4540 and $0.4520 support levels.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining momentum in the bullish zone, with strong positive signs.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently above the 70 level and it is likely climbing towards 80.<\/p>\n<p>Major Support Levels \u2013 $0.4540, $0.4520 and $0.4400.<\/p>\n<p>Major Resistance Levels \u2013 $0.4810, $0.4920 and $0.5000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar. The price tested the $0.4800 area and it looks set to extend gains above $0.5000. Yesterday\u2019s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP\/USD pair (data source from Kraken). There were sharp gains in Ethereum above $250 and $260, opening the doors for $300. Ripple price started a significant upward move against the US Dollar and bitcoin. XRP broke $0.4750 and it looks set to surpass $0.5000 or even $0.5200 in the near term. Ripple Price Analysis In the past few sessions, ripple price gained a strong bullish momentum above the $0.4200 resistance against the US Dollar. The XRP\/USD pair surged above the $0.4400 and $0.4500 resistance levels to register more than 15% gains. The upward move was such that the price even broke the $0.4750 resistance and the price is now trading well above the 100 hourly simple moving average. A swing high is formed at $0.4802 and the price remains elevated above the $0.4700 level. An initial support is near the $0.4670 level. It coincides with the 23.6% Fib retracement level of the recent wave from the $0.4262 low to $0.4802 high. If there is a downside extension, the price could test the $0.4540 or $0.4520 support levels. The 50% Fib retracement level of the recent wave from the $0.4262 low to $0.4802 high is also near $0.4532 to act as a strong support for the bulls. More importantly, yesterday\u2019s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP\/USD pair. Therefore, dips remains well supported near $0.4540 and $0.4400 in the near term. On the upside, a break above the channel resistance and $0.4810 is likely to set the pace for more gains. An immediate resistance could be $0.4920, above which the price is likely to test the main $0.5000 barrier. Any further gains may perhaps clear the path for a push towards the $0.5200 level. Looking at the chart, ripple price is following a strong uptrend above the $0.4400 and $0.4500 support. It seems like the price is readying for the next leg above the $0.4850 and $0.4920. If there is a downside correction, the bulls are likely to buy aggressively near the $0.4540 and $0.4520 support levels. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently gaining momentum in the bullish zone, with strong positive signs. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently above the 70 level and it is likely climbing towards 80. Major Support Levels \u2013 $0.4540, $0.4520 and $0.4400. Major Resistance Levels \u2013 $0.4810, $0.4920 and $0.5000.<\/p>\n","protected":false},"author":67,"featured_media":170307,"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-382500","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 Skyrockets: More Gains Above $0.50, $0.52 Likely<\/title>\n<meta name=\"description\" content=\"Ripple price started a significant upward move against the US Dollar and bitcoin. 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XRP broke $0.4750 and it looks set to surpass $0.5000 or even $0.5200 in the near term.","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-skyrockets-gains-above-0-50-likely\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely","og_description":"Ripple price started a significant upward move against the US Dollar and bitcoin. 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