{"id":393301,"date":"2019-08-16T04:08:31","date_gmt":"2019-08-16T04:08:31","guid":{"rendered":"https:\/\/wncen.com\/?p=393301"},"modified":"2024-06-11T13:24:23","modified_gmt":"2024-06-11T13:24:23","slug":"ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/","title":{"rendered":"Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K"},"content":{"rendered":"<ul>\n<li>Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar.<\/li>\n<li>The price is currently trading above the $0.2500 pivot level with a few positive signs.<\/li>\n<li>A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is likely to recover towards the $0.2800 resistance as long as it is above the $0.2500 support.<\/li>\n<\/ul>\n<p><em>Ripple price is showing signs of a decent recovery against the US Dollar, while <a href=\"https:\/\/wncen.com\/2019\/08\/15\/bitcoin-btc-price-final-target-but-decline-far-from-over\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> recovered 3%. XRP price must stay above the $0.2500 support area to continue its upside.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, there was a strong decline in <a href=\"https:\/\/wncen.com\/2019\/08\/16\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a>, bitcoin and ripple price against the US Dollar. The XRP\/USD pair declined sharply below the $0.2800 and $0.2500 support levels. Finally, the price settled below the 100 hourly simple moving average and a swing low was formed at $0.2336. Recently, the price started a decent recovery and climbed above the $0.2400 and $0.2500 levels.<\/p>\n<p>Moreover, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low. However, the price is facing a strong resistance near the $0.2650 and $0.2700 levels. More importantly, the 50% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low is acting as a hurdle.<\/p>\n<p>At the moment, there is a major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP\/USD pair. If there is an upside break above the $0.2670 and $0.2700 resistances, ripple price could continue to recover. The next key resistance is near the $0.2850 level and the 100 hourly SMA. If there are more gains, the price could test the $0.3000 resistance area.<\/p>\n<p>Conversely, if there is a bearish break below the $0.2550 and $0.2500 support levels, the price could resume its decline. An immediate support below $0.2500 is near $0.2400. If the price fails to stay above $0.2400 or $0.2350, there could be a sharp drop towards the $0.2200 support area.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-393302\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Ripple-Price-10.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 facing an uphill task near the $0.2650 and $0.2700 levels. However, the current price action suggests that the price might climb higher towards $0.2800 and $0.2850. If not, there is a risk of another strong decline below the $0.2500 support area in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back into the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently moving lower towards the 40 level.<\/p>\n<p>Major Support Levels \u2013 $0.2550, $0.2500 and $0.2400.<\/p>\n<p>Major Resistance Levels \u2013 $0.2670, $0.2700 and $0.2800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar. The price is currently trading above the $0.2500 pivot level with a few positive signs. A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to recover towards the $0.2800 resistance as long as it is above the $0.2500 support. Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. XRP price must stay above the $0.2500 support area to continue its upside. Ripple Price Analysis Yesterday, there was a strong decline in Ethereum, bitcoin and ripple price against the US Dollar. The XRP\/USD pair declined sharply below the $0.2800 and $0.2500 support levels. Finally, the price settled below the 100 hourly simple moving average and a swing low was formed at $0.2336. Recently, the price started a decent recovery and climbed above the $0.2400 and $0.2500 levels. Moreover, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low. However, the price is facing a strong resistance near the $0.2650 and $0.2700 levels. More importantly, the 50% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low is acting as a hurdle. At the moment, there is a major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP\/USD pair. If there is an upside break above the $0.2670 and $0.2700 resistances, ripple price could continue to recover. The next key resistance is near the $0.2850 level and the 100 hourly SMA. If there are more gains, the price could test the $0.3000 resistance area. Conversely, if there is a bearish break below the $0.2550 and $0.2500 support levels, the price could resume its decline. An immediate support below $0.2500 is near $0.2400. If the price fails to stay above $0.2400 or $0.2350, there could be a sharp drop towards the $0.2200 support area. Looking at the chart, ripple price is facing an uphill task near the $0.2650 and $0.2700 levels. However, the current price action suggests that the price might climb higher towards $0.2800 and $0.2850. If not, there is a risk of another strong decline below the $0.2500 support area in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back into the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently moving lower towards the 40 level. Major Support Levels \u2013 $0.2550, $0.2500 and $0.2400. Major Resistance Levels \u2013 $0.2670, $0.2700 and $0.2800.<\/p>\n","protected":false},"author":67,"featured_media":165656,"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-393301","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 Recovery Signs, Bitcoin Back Above $10.2K<\/title>\n<meta name=\"description\" content=\"Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. 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XRP price must stay above the $0.2500 support area to continue its upside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\" \/>\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=\"2019-08-16T04:08:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis3.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\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K\",\"datePublished\":\"2019-08-16T04:08:31+00:00\",\"dateModified\":\"2024-06-11T13:24:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis3.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\",\"name\":\"Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis3.jpg?fit=1200%2C741\",\"datePublished\":\"2019-08-16T04:08:31+00:00\",\"dateModified\":\"2024-06-11T13:24:23+00:00\",\"description\":\"Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. 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XRP price must stay above the $0.2500 support area to continue its upside.","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\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K","og_description":"Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. 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