{"id":396225,"date":"2019-09-17T04:08:32","date_gmt":"2019-09-17T04:08:32","guid":{"rendered":"https:\/\/wncen.com\/?p=396225"},"modified":"2024-06-11T13:25:29","modified_gmt":"2024-06-11T13:25:29","slug":"ripple-price-xrp-facing-uphill-task-can-bulls-make-it","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-xrp-facing-uphill-task-can-bulls-make-it\/","title":{"rendered":"Ripple Price (XRP) Facing Uphill Task, Can Bulls Make It?"},"content":{"rendered":"<ul>\n<li>Ripple price is still struggling to surpass the main $0.2650 resistance area against the US dollar.<\/li>\n<li>The price is showing a few positive signs, but it must break the $0.2650 resistance level.<\/li>\n<li>There is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price could either rally above $0.2650 or it might resume its decline below the $0.2580 level.<\/li>\n<\/ul>\n<p><em>Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs <a href=\"https:\/\/wncen.com\/2019\/09\/16\/bitcoin-price-btc-approaching-next-break-10250-holds-key\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price could soon make the next move either above $0.2650 or towards $0.2500.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past 2-3 weeks, XRP price made many attempts to surpass the $0.2650 resistance area against the US Dollar. However, the bulls failed to gain momentum above $0.2640 and $0.2650. On the other hand, <a href=\"https:\/\/wncen.com\/2019\/09\/17\/ethereum-price-eth-touches-200-while-bitcoin-is-declining\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> was able to break the $185 resistance area to start an upward move. Therefore, ripple bulls need to gain pace above $0.2650 to start a solid upward move in the coming days.<\/p>\n<p>The last swing low was formed near $0.2566 and the recent high was near $0.2628. At the moment, the price is correcting lower below $0.2610 and trading well above the 100 hourly simple moving average. An immediate support is near the $0.2600 level. It coincides with the 50% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high.<\/p>\n<p>The main support on the downside is near the $0.2590 level and the 100 hourly simple moving average. Additionally, the 61.8% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high is near $0.2590. More importantly, there is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, ripple price seems to be preparing for the next major break either above $0.2650 or towards $0.2500. This time, the chances of an upside break above $0.2650 are high. If the bulls gain control above $0.2650, the price could climb higher significantly towards $0.2850 or even $0.3000 in the near term. Conversely, if it fails again near $0.2650, there could be a fresh decline towards the $0.2500 support.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396226\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-6.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 confined in a broad range below the $0.2650 resistance. There could be more ranging moves, but sooner or later, the price is likely to break the $0.2650 resistance area.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently placed nicely in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2600, $0.2580 and $0.2550.<\/p>\n<p>Major Resistance Levels \u2013 $0.2640, $0.2650 and $0.2720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is still struggling to surpass the main $0.2650 resistance area against the US dollar. The price is showing a few positive signs, but it must break the $0.2650 resistance level. There is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price could either rally above $0.2650 or it might resume its decline below the $0.2580 level. Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs bitcoin. XRP price could soon make the next move either above $0.2650 or towards $0.2500. Ripple Price Analysis In the past 2-3 weeks, XRP price made many attempts to surpass the $0.2650 resistance area against the US Dollar. However, the bulls failed to gain momentum above $0.2640 and $0.2650. On the other hand, Ethereum was able to break the $185 resistance area to start an upward move. Therefore, ripple bulls need to gain pace above $0.2650 to start a solid upward move in the coming days. The last swing low was formed near $0.2566 and the recent high was near $0.2628. At the moment, the price is correcting lower below $0.2610 and trading well above the 100 hourly simple moving average. An immediate support is near the $0.2600 level. It coincides with the 50% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high. The main support on the downside is near the $0.2590 level and the 100 hourly simple moving average. Additionally, the 61.8% Fib retracement level of the recent wave from the $0.2566 low to $0.2628 high is near $0.2590. More importantly, there is a major breakout pattern forming with support near $0.2585 on the hourly chart of the XRP\/USD pair. Therefore, ripple price seems to be preparing for the next major break either above $0.2650 or towards $0.2500. This time, the chances of an upside break above $0.2650 are high. If the bulls gain control above $0.2650, the price could climb higher significantly towards $0.2850 or even $0.3000 in the near term. Conversely, if it fails again near $0.2650, there could be a fresh decline towards the $0.2500 support. Looking at the chart, ripple price is confined in a broad range below the $0.2650 resistance. There could be more ranging moves, but sooner or later, the price is likely to break the $0.2650 resistance area. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently placed nicely in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 50 level. Major Support Levels \u2013 $0.2600, $0.2580 and $0.2550. Major Resistance Levels \u2013 $0.2640, $0.2650 and $0.2720.<\/p>\n","protected":false},"author":67,"featured_media":396268,"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-396225","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) Facing Uphill Task, Can Bulls Make It?<\/title>\n<meta name=\"description\" content=\"Ripple price is trading well below the $0.2650 resistance against the US Dollar, and ranging vs bitcoin. 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