{"id":388632,"date":"2019-07-04T04:08:20","date_gmt":"2019-07-04T04:08:20","guid":{"rendered":"https:\/\/wncen.com\/?p=388632"},"modified":"2024-06-11T13:45:00","modified_gmt":"2024-06-11T13:45:00","slug":"bitcoin-touched-12k-while-ripple-price-xrp-is-still-consolidating","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-touched-12k-while-ripple-price-xrp-is-still-consolidating\/","title":{"rendered":"Bitcoin Touched $12K While Ripple Price (XRP) Is Still Consolidating"},"content":{"rendered":"
Ripple price is still consolidating in a broad range against the US Dollar, while bitcoin<\/a> climbed towards $12,000. XRP price must break $0.4075 and $0.4140 to continue higher.<\/em><\/p>\n In the past few sessions, there was strong rise in bitcoin price<\/a> above $11,500, but ripple price remained in a range against the US Dollar. The XRP\/USD pair started a slow and steady rise from the $0.3814 swing low. It broke the $0.3920 and $0.4000 resistance levels. There was also a break above the $0.4050 level and the 100 hourly simple moving average. However, the price struggled to clear the $0.4070 resistance.<\/p>\n It corrected lower below $0.4050 plus the 23.6% Fib retracement level of the upward move from the $0.3814 low to $0.4068 high. However, the $0.3960 level acted as a support and the price climbed back above the 100 hourly SMA. Moreover, it stayed above the 50% Fib retracement level of the upward move from the $0.3814 low to $0.4068 high.<\/p>\n There is also a connecting bullish trend line forming with support at $0.4008 on the hourly chart of the XRP\/USD pair. If there is a downside break below the trend line and the 100 hourly SMA, ripple price could accelerate losses below $0.3950. The next major support is near the $0.3850 level, below which there is a risk of more losses towards the $0.3750 level.<\/p>\n On the upside, an immediate resistance is near the $0.4070 level. If there is an upside break above $0.4070, the price could rise towards the next major resistance near $0.4140. Any further gains is likely to push the price towards the $0.4200 and $0.4220 resistance levels.<\/p>\nRipple Price Analysis<\/h2>\n