{"id":383403,"date":"2019-05-23T04:08:32","date_gmt":"2019-05-23T04:08:32","guid":{"rendered":"https:\/\/wncen.com\/?p=383403"},"modified":"2024-06-11T13:40:14","modified_gmt":"2024-06-11T13:40:14","slug":"ripple-xrp-price-testing-key-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/","title":{"rendered":"Ripple (XRP) Price Testing Key Support: More Range Moves Likely"},"content":{"rendered":"<ul>\n<li>Ripple price struggled to break the $0.4080 and $0.4085 resistance levels against the US dollar.<\/li>\n<li>The price declined recently and traded below the $0.4000, $0.3950 and $0.3840 support levels.<\/li>\n<li>This week\u2019s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is now trading near a major support area close to the $0.3650 and $0.3620 levels.<\/li>\n<\/ul>\n<p><em>Ripple price moved lower within a range against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/05\/22\/bitcoin-btc-price-trading-sideways-bulls-eyeing-fresh-increase\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP is currently holding the key $0.3620 support and it is likely to climb higher towards $0.3950 or $0.4000.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, ripple price climbed steadily above $0.3950 and $0.4000 against the US Dollar. The XRP\/USD pair even traded above the $0.4050 level and the 100 hourly simple moving average. However, the pair struggled to break the $0.4080 and $0.4085 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.4050 and $0.4000 support levels. Besides, there was a clear break below the $0.3950 support and the 100 hourly SMA.<\/p>\n<p>More importantly, this week\u2019s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP\/USD pair. The pair declined below $0.3800 and tested the $0.3650 level. A swing low is formed at $0.3653 and the price is <a href=\"https:\/\/wncen.com\/2019\/05\/22\/ripple-xrp-price-following-uptrend-can-bulls-take-over\/\" target=\"_blank\" rel=\"noopener noreferrer \">currently consolidating losses<\/a>. An initial resistance is near the $0.3760 level and the 23.6% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the upside, the main resistance is near the $0.3900 and $0.3950 levels.<\/p>\n<p>The 100 hourly SMA is close to the $0.3950 level to act as a key hurdle. An intermediate resistance is the 50% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the downside, there are key supports near the $0.3650 and $0.3620. If there is a bearish break below the $0.3620 range support, the price will likely move into a bearish zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-383404\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.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-16.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-16.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/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 clearly trading above major supports near $0.3620 and it is likely to bounce back. On the upside, the previous supports near $0.3900 and $0.3950 are likely to prevent upsides. However, a successful close above $0.4000 might start a strong upward move towards $0.4100 or even $0.4200. On the flip side, a successful close below $0.3620 could push the price back towards $0.3500.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is likely to move back in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is c<\/p>\n<p>urrently recovering and it could move towards 45.<\/p>\n<p>Major Support Levels \u2013 $0.3650, $0.3620 and $0.3500.<\/p>\n<p>Major Resistance Levels \u2013 $0.3900, $0.3950 and $0.4000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price struggled to break the $0.4080 and $0.4085 resistance levels against the US dollar. The price declined recently and traded below the $0.4000, $0.3950 and $0.3840 support levels. This week\u2019s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is now trading near a major support area close to the $0.3650 and $0.3620 levels. Ripple price moved lower within a range against the US Dollar and bitcoin. XRP is currently holding the key $0.3620 support and it is likely to climb higher towards $0.3950 or $0.4000. Ripple Price Analysis Recently, ripple price climbed steadily above $0.3950 and $0.4000 against the US Dollar. The XRP\/USD pair even traded above the $0.4050 level and the 100 hourly simple moving average. However, the pair struggled to break the $0.4080 and $0.4085 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.4050 and $0.4000 support levels. Besides, there was a clear break below the $0.3950 support and the 100 hourly SMA. More importantly, this week\u2019s followed bullish trend line was breached with support near $0.3960 on the hourly chart of the XRP\/USD pair. The pair declined below $0.3800 and tested the $0.3650 level. A swing low is formed at $0.3653 and the price is currently consolidating losses. An initial resistance is near the $0.3760 level and the 23.6% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the upside, the main resistance is near the $0.3900 and $0.3950 levels. The 100 hourly SMA is close to the $0.3950 level to act as a key hurdle. An intermediate resistance is the 50% Fib retracement level of the downward move from the $0.4138 high to $0.3653 low. On the downside, there are key supports near the $0.3650 and $0.3620. If there is a bearish break below the $0.3620 range support, the price will likely move into a bearish zone. Looking at the chart, ripple price is clearly trading above major supports near $0.3620 and it is likely to bounce back. On the upside, the previous supports near $0.3900 and $0.3950 are likely to prevent upsides. However, a successful close above $0.4000 might start a strong upward move towards $0.4100 or even $0.4200. On the flip side, a successful close below $0.3620 could push the price back towards $0.3500. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is likely to move back in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is c urrently recovering and it could move towards 45. Major Support Levels \u2013 $0.3650, $0.3620 and $0.3500. Major Resistance Levels \u2013 $0.3900, $0.3950 and $0.4000.<\/p>\n","protected":false},"author":67,"featured_media":328926,"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-383403","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 Testing Key Support: More Range Moves Likely<\/title>\n<meta name=\"description\" content=\"Ripple price moved lower within a range against the US Dollar and bitcoin. 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XRP is currently holding the key $0.3620 support and it is likely to climb higher towards $0.3950 or $0.4000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/\" \/>\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=\"2019-05-23T04:08:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:40:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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-testing-key-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Testing Key Support: More Range Moves Likely\",\"datePublished\":\"2019-05-23T04:08:32+00:00\",\"dateModified\":\"2024-06-11T13:40:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/\",\"name\":\"Ripple (XRP) Price Testing Key Support: More Range Moves Likely\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-testing-key-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"datePublished\":\"2019-05-23T04:08:32+00:00\",\"dateModified\":\"2024-06-11T13:40:14+00:00\",\"description\":\"Ripple price moved lower within a range against the US Dollar and bitcoin. 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XRP is currently holding the key $0.3620 support and it is likely to climb higher towards $0.3950 or $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-testing-key-support\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Testing Key Support: More Range Moves Likely","og_description":"Ripple price moved lower within a range against the US Dollar and bitcoin. 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