{"id":388493,"date":"2019-07-03T04:08:44","date_gmt":"2019-07-03T04:08:44","guid":{"rendered":"https:\/\/wncen.com\/?p=388493"},"modified":"2024-06-11T13:44:56","modified_gmt":"2024-06-11T13:44:56","slug":"bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/","title":{"rendered":"Bitcoin Rallies 8% While Ripple Price (XRP) Continues To Struggle"},"content":{"rendered":"<ul>\n<li>Ripple price traded to a new monthly low at $0.3810 and corrected higher support against the US dollar.<\/li>\n<li>The price is struggling to gain bullish momentum and it is still trading well below $0.4275.<\/li>\n<li>Yesterday\u2019s highlighted key bearish trend line was breached with resistance near $0.3985 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li><a href=\"https:\/\/wncen.com\/2019\/07\/03\/ethereum-eth-price-forms-bottom-break-300-could-accelerate-gains\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum price<\/a> is currently recovering and it is already trading above the key $292 resistance.<\/li>\n<\/ul>\n<p><em>Ripple price is still facing a lot of hurdles against the US Dollar, while bitcoin rallied more than 8%. XRP price could slowly rise, but it might struggle near $0.4120 or $0.4200.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>After a strong decline, <a href=\"https:\/\/wncen.com\/2019\/07\/02\/bitcoin-price-dives-bears-aim-9200\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price found support<\/a> near $9,700 and recently rallied above $11,000, but ripple price remained in a bearish zone against the US Dollar. Earlier, the XRP\/USD pair extended losses below the $0.2900 and $0.2850 levels. A new monthly low was formed near $0.3810 before the price started a fresh recovery. It broke the $0.3900 and $0.3920 resistance levels.<\/p>\n<p>Moreover, yesterday\u2019s highlighted key bearish trend line was breached with resistance near $0.3985 on the hourly chart of the XRP\/USD pair. The pair even climbed above the 61.8% Fib retracement level of the last decline from the $0.4085 high to $0.3810 low. However, ripple price is now facing resistance near the $0.4050 level and the 100 hourly simple moving average.<\/p>\n<p>A successful close above the $0.4050 resistance might push the price further higher. An immediate resistance could be near the $0.4085 or $0.4100 level. The next resistance could be $0.4150. Moreover, the 1.236 Fib extension level of the last decline from the $0.4085 high to $0.3810 low is also near the $0.4145 level. If the bulls gain pace, ripple price might revisit the $0.4200 or $0.4200 resistance.<\/p>\n<p>If the price struggles to move above $0.4050 or $0.4100, it <a href=\"https:\/\/wncen.com\/2019\/07\/02\/bitcoin-down-7-while-ripple-price-xrp-struggling-to-hold-support\/\" target=\"_blank\" rel=\"noopener noreferrer \">could decline once again<\/a>. An immediate support is near the $0.4000 level. A downside break below $0.4000 might open the doors for more losses towards the $0.3850 or $0.3800 levels.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-388494\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-2.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 slowly recovering above $0.4000. However, a convincing close above $0.4050 plus the 100 hourly SMA is needed for more gains. Besides, if bitcoin continues its rise, there are chances of a slow and steady rise in altcoins. The next stop for XRP might be $0.4275, which is the main resistance for this week.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 and 55 levels.<\/p>\n<p>Major Support Levels \u2013 $0.4000, $0.3920 and $0.3850.<\/p>\n<p>Major Resistance Levels \u2013 $0.4050, $0.4100 and $0.4150.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price traded to a new monthly low at $0.3810 and corrected higher support against the US dollar. The price is struggling to gain bullish momentum and it is still trading well below $0.4275. Yesterday\u2019s highlighted key bearish trend line was breached with resistance near $0.3985 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum price is currently recovering and it is already trading above the key $292 resistance. Ripple price is still facing a lot of hurdles against the US Dollar, while bitcoin rallied more than 8%. XRP price could slowly rise, but it might struggle near $0.4120 or $0.4200. Ripple Price Analysis After a strong decline, bitcoin price found support near $9,700 and recently rallied above $11,000, but ripple price remained in a bearish zone against the US Dollar. Earlier, the XRP\/USD pair extended losses below the $0.2900 and $0.2850 levels. A new monthly low was formed near $0.3810 before the price started a fresh recovery. It broke the $0.3900 and $0.3920 resistance levels. Moreover, yesterday\u2019s highlighted key bearish trend line was breached with resistance near $0.3985 on the hourly chart of the XRP\/USD pair. The pair even climbed above the 61.8% Fib retracement level of the last decline from the $0.4085 high to $0.3810 low. However, ripple price is now facing resistance near the $0.4050 level and the 100 hourly simple moving average. A successful close above the $0.4050 resistance might push the price further higher. An immediate resistance could be near the $0.4085 or $0.4100 level. The next resistance could be $0.4150. Moreover, the 1.236 Fib extension level of the last decline from the $0.4085 high to $0.3810 low is also near the $0.4145 level. If the bulls gain pace, ripple price might revisit the $0.4200 or $0.4200 resistance. If the price struggles to move above $0.4050 or $0.4100, it could decline once again. An immediate support is near the $0.4000 level. A downside break below $0.4000 might open the doors for more losses towards the $0.3850 or $0.3800 levels. Looking at the chart, ripple price is slowly recovering above $0.4000. However, a convincing close above $0.4050 plus the 100 hourly SMA is needed for more gains. Besides, if bitcoin continues its rise, there are chances of a slow and steady rise in altcoins. The next stop for XRP might be $0.4275, which is the main resistance for this week. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 and 55 levels. Major Support Levels \u2013 $0.4000, $0.3920 and $0.3850. Major Resistance Levels \u2013 $0.4050, $0.4100 and $0.4150.<\/p>\n","protected":false},"author":67,"featured_media":169666,"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-388493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Bitcoin Rallies 8% While Ripple Price (XRP) Continues To Struggle<\/title>\n<meta name=\"description\" content=\"Ripple price is still facing a lot of hurdles against the US Dollar, while bitcoin rallied more than 8%. 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XRP price could slowly rise, but it might struggle near $0.4120 or $0.4200.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/\" \/>\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=\"2019-07-03T04:08:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:44:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis7.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\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\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin Rallies 8% While Ripple Price (XRP) Continues To Struggle\",\"datePublished\":\"2019-07-03T04:08:44+00:00\",\"dateModified\":\"2024-06-11T13:44:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis7.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/\",\"name\":\"Bitcoin Rallies 8% While Ripple Price (XRP) Continues To Struggle\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/02\/Ripple_Price_XRP_USD_Analysis7.jpg?fit=1200%2C741\",\"datePublished\":\"2019-07-03T04:08:44+00:00\",\"dateModified\":\"2024-06-11T13:44:56+00:00\",\"description\":\"Ripple price is still facing a lot of hurdles against the US Dollar, while bitcoin rallied more than 8%. 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XRP price could slowly rise, but it might struggle near $0.4120 or $0.4200.","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\/bitcoin-rallies-8-while-ripple-price-xrp-continues-to-struggle\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Rallies 8% While Ripple Price (XRP) Continues To Struggle","og_description":"Ripple price is still facing a lot of hurdles against the US Dollar, while bitcoin rallied more than 8%. 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