{"id":384143,"date":"2019-05-29T04:08:41","date_gmt":"2019-05-29T04:08:41","guid":{"rendered":"https:\/\/wncen.com\/?p=384143"},"modified":"2024-06-11T13:15:28","modified_gmt":"2024-06-11T13:15:28","slug":"ripple-xrp-price-in-crucial-uptrend-fresh-increase-likely","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-in-crucial-uptrend-fresh-increase-likely\/","title":{"rendered":"Ripple (XRP) Price In Crucial Uptrend: Fresh Increase Likely"},"content":{"rendered":"
Ripple price is trading with a positive bias against the US Dollar and bitcoin<\/a>. XRP is currently correcting from highs, but dips remain well supported above the $0.4200 level.<\/em><\/p>\n In the past two days, there was a strong rise<\/a> in ripple price above the $0.4200 resistance against the US Dollar. The XRP\/USD pair broke many resistances recently, including $0.4250, $0.4350, $0.4420 and $0.4500. There was a close above the $0.4300 level and the 100 hourly simple moving average. The price traded towards the $0.4600 level and formed a new weekly high at $0.4599. Recently, it started a downside correction and traded below the $0.4550 and $0.4500 support levels.<\/p>\n Moreover, there was a break below the 23.6% Fib retracement level of the recent leg from the $0.4152 low to $0.4599 swing high. However, there are many supports on the downside near the $0.4360 and $0.4320 levels. The 50% Fib retracement level of the recent leg from the $0.4152 low to $0.4599 swing high is currently acting as a support near $0.4375. More importantly, there is a major bullish trend line forming with support at $0.4320 on the hourly chart of the XRP\/USD pair.<\/p>\n Therefore, the current correction wave is likely to complete anywhere near $0.4360 or $0.4320. If there is a downside break below the trend line and $0.4300, the price could extend losses. The next main support is near the $0.4150 level, which acted as a buy zone on many occasions recently. An intermediate support is $0.4258 and the 76.4% Fib retracement level of the recent leg from the $0.4152 low to $0.4599 swing high.<\/p>\nRipple Price Analysis<\/h2>\n