{"id":384268,"date":"2019-05-30T04:08:08","date_gmt":"2019-05-30T04:08:08","guid":{"rendered":"https:\/\/wncen.com\/?p=384268"},"modified":"2024-06-11T13:15:27","modified_gmt":"2024-06-11T13:15:27","slug":"ripple-xrp-price-holding-key-support-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-holding-key-support-2\/","title":{"rendered":"Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?"},"content":{"rendered":"
Ripple price is gaining bullish momentum against the US Dollar and bitcoin<\/a>. XRP might dip sharply to fill buy orders before it climbs back above the $0.4600 and $0.4650 levels.<\/em><\/p>\n This week, there was a strong and steady rise in ripple price from the $0.3950 support against the US Dollar. The XRP\/USD pair traded higher and surpassed many barriers near $0.4200 and $0.4400. There was a proper close above the $0.4200 level and the 100 hourly simple moving average. The price rallied towards the $0.4600 level, but struggled to continue higher. As a result, there was a sharp downside correction below the $0.4500 and $0.4450 support levels.<\/p>\n A swing low was formed at $0.4206 before the price climbed higher. More importantly, yesterday\u2019s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP\/USD pair. The pair traded as high as $0.4578 and it is currently correcting lower. It broke the $0.4500 level and the 23.6% Fib retracement level of the recent wave from the $0.4206 low to $0.4578 high. However, the $0.4400 support area is acting as a support. Moreover, the 50% Fib retracement level of the recent wave from the $0.4206 low to $0.4578 high is holding losses.<\/p>\n Still, there are chances of a downside break below the $0.4400 and $0.4380 supports. In the mentioned case, the price could spike towards the $0.4300 or $0.4250 support levels. The main support is near the $0.4200 level and the 100 hourly simple moving average<\/a>. As long as the price is above the $0.4200 support, it remains in an uptrend.<\/p>\nRipple Price Analysis<\/h2>\n