{"id":391725,"date":"2019-07-31T04:08:31","date_gmt":"2019-07-31T04:08:31","guid":{"rendered":"https:\/\/wncen.com\/?p=391725"},"modified":"2024-06-11T13:14:16","modified_gmt":"2024-06-11T13:14:16","slug":"ripple-price-xrp-showing-positive-signs-bitcoin-up-3","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-positive-signs-bitcoin-up-3\/","title":{"rendered":"Ripple Price (XRP) Showing Positive Signs, Bitcoin Up 3%"},"content":{"rendered":"
Ripple price is showing positive signs above $0.3140 against the US Dollar, and bitcoin<\/a> gained around 3%. XRP price might continue to rise if it clears the $0.3220 resistance.<\/em><\/p>\n After forming a support base, there was a decent recovery in bitcoin, Ethereum<\/a> and ripple against the US Dollar. The XRP\/USD pair remained well bid above the $0.3050 level and it recently climbed higher. There was a break above the $0.3080 and $0.3100 resistance levels. Moreover, the price managed to climb above yesterday\u2019s drawn connecting bearish trend line on the hourly chart.<\/p>\n Finally, the price broke the key $0.3140 resistance and the 100 hourly simple moving average. It even broke the $0.3200 resistance and tested the $0.3220 resistance. A swing high was formed near $0.3219 and the price is currently correcting gains. It tested the 23.6% Fib retracement level of the recent wave from the $0.3066 low to $0.3219 high.<\/p>\n On the downside, there are many supports forming near the $0.3150 and $0.3140 levels. Additionally, there is a connecting bullish trend line forming with support near $0.3140 on the hourly chart of the XRP\/USD pair. The 50% Fib retracement level of the recent wave from the $0.3066 low to $0.3219 high is also near the $0.3142 level to act as a strong support.<\/p>\n Therefore, any dip towards the $0.3150 and $0.3140 levels is likely to find strong bids. If there is a downside break below the $0.3140 level, the price might move back in a bearish zone. On the upside, the resistances are near $0.3200 and $0.3220. A successful close above the $0.3220 resistance could start a decent upward move in the coming sessions towards the $0.3320 and $0.3350 levels.<\/p>\nRipple Price Analysis<\/h2>\n