{"id":389030,"date":"2019-07-08T04:08:04","date_gmt":"2019-07-08T04:08:04","guid":{"rendered":"https:\/\/wncen.com\/?p=389030"},"modified":"2024-06-11T13:45:09","modified_gmt":"2024-06-11T13:45:09","slug":"ripple-price-xrp-showing-positive-signs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-positive-signs\/","title":{"rendered":"Ripple Price (XRP) Showing Positive Signs: More Gains Possible"},"content":{"rendered":"<ul>\n<li>Ripple price started a strong recovery above the $0.3900 level against the US dollar.<\/li>\n<li>The price even broke the $0.4000 level and it recently tested the $0.4100 resistance area.<\/li>\n<li>There is a key bullish trend line forming with support near $0.3920 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price is likely to bounce back above $0.4000 as long it is trading above the $0.3900 support.<\/li>\n<\/ul>\n<p><em>Ripple price is showing a few positive signs above $0.3900 against the US Dollar, and recovered vs <a href=\"https:\/\/wncen.com\/2019\/07\/07\/bitcoin-btc-price-trading-near-make-or-break-levels\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price might dip a few points, but it is likely to find bids near $0.3900.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, bitcoin price settled above the $11,000 level and started trading in a range. However, ripple price started a decent upward move after it tested the $0.3750 support area against the US Dollar. The XRP\/USD pair broke the $0.3900 resistance level to move into a positive zone. Moreover, there was a break above <a href=\"https:\/\/wncen.com\/2019\/07\/05\/ripple-price-xrp-testing-crucial-support-post-bitcoins-correction\/\" target=\"_blank\" rel=\"noopener noreferrer \">the $0.4000 resistance<\/a> and the 100 hourly simple moving average. It even spiked above $0.4100 and formed a new swing high at $0.4108.<\/p>\n<p>Recently, it started a downside correction below the $0.4000 and $0.3950 levels. Moreover, there was a break below the $0.3900 level, but the $0.3860 level acted as a support. The price bounce back above $0.3920 and the 100 hourly simple moving average. Moreover, there was a break above the 50% Fib retracement level of the recent decline from the $0.4108 high to $0.3863 low.<\/p>\n<p>However, it seems like the $0.4000 level is acting as a resistance. Ripple price even failed to test the 61.8% Fib retracement level of the recent decline from the $0.4108 high to $0.3863 low. It is currently moving lower towards the $0.3920 support. Besides, there is a key bullish trend line forming with support near $0.3920 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>If there is a downside break below the trend line and $0.3900, the price could revisit the $0.3860 support level. Should there be more losses, the next stop for sellers could be near the $0.3800 level. On the upside, an initial resistance is near the $0.4000 barrier, above which there could be more gains towards $0.4100.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389031\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.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-5.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-5.png?w=1140 1140w\" sizes=\"(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 with a positive bias, but it must stay above $0.3900 to continue higher towards $0.4100 in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently declining and it is just below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.3840, $0.3820 and $0.3750.<\/p>\n<p>Major Resistance Levels \u2013 $0.3920, $0.3950 and $0.4000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price started a strong recovery above the $0.3900 level against the US dollar. The price even broke the $0.4000 level and it recently tested the $0.4100 resistance area. There is a key bullish trend line forming with support near $0.3920 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price is likely to bounce back above $0.4000 as long it is trading above the $0.3900 support. Ripple price is showing a few positive signs above $0.3900 against the US Dollar, and recovered vs bitcoin. XRP price might dip a few points, but it is likely to find bids near $0.3900. Ripple Price Analysis Recently, bitcoin price settled above the $11,000 level and started trading in a range. However, ripple price started a decent upward move after it tested the $0.3750 support area against the US Dollar. The XRP\/USD pair broke the $0.3900 resistance level to move into a positive zone. Moreover, there was a break above the $0.4000 resistance and the 100 hourly simple moving average. It even spiked above $0.4100 and formed a new swing high at $0.4108. Recently, it started a downside correction below the $0.4000 and $0.3950 levels. Moreover, there was a break below the $0.3900 level, but the $0.3860 level acted as a support. The price bounce back above $0.3920 and the 100 hourly simple moving average. Moreover, there was a break above the 50% Fib retracement level of the recent decline from the $0.4108 high to $0.3863 low. However, it seems like the $0.4000 level is acting as a resistance. Ripple price even failed to test the 61.8% Fib retracement level of the recent decline from the $0.4108 high to $0.3863 low. It is currently moving lower towards the $0.3920 support. Besides, there is a key bullish trend line forming with support near $0.3920 on the hourly chart of the XRP\/USD pair. If there is a downside break below the trend line and $0.3900, the price could revisit the $0.3860 support level. Should there be more losses, the next stop for sellers could be near the $0.3800 level. On the upside, an initial resistance is near the $0.4000 barrier, above which there could be more gains towards $0.4100. Looking at the chart, ripple price is clearly trading with a positive bias, but it must stay above $0.3900 to continue higher towards $0.4100 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently declining and it is just below the 50 level. Major Support Levels \u2013 $0.3840, $0.3820 and $0.3750. Major Resistance Levels \u2013 $0.3920, $0.3950 and $0.4000.<\/p>\n","protected":false},"author":67,"featured_media":328928,"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-389030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price (XRP) Showing Positive Signs: More Gains Possible<\/title>\n<meta name=\"description\" content=\"Ripple price is showing a few positive signs above $0.3900 against the US Dollar, and recovered vs bitcoin. 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