{"id":396368,"date":"2019-09-18T04:08:14","date_gmt":"2019-09-18T04:08:14","guid":{"rendered":"https:\/\/wncen.com\/?p=396368"},"modified":"2024-06-11T13:25:31","modified_gmt":"2024-06-11T13:25:31","slug":"ripple-price-xrp-rallies-significantly-to-start-massive-uptrend","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-price-xrp-rallies-significantly-to-start-massive-uptrend\/","title":{"rendered":"Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend"},"content":{"rendered":"<ul>\n<li>Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar.<\/li>\n<li>The price is trading well above the $0.3000 level and it could continue to rise.<\/li>\n<li>There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels.<\/li>\n<\/ul>\n<p><em>Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/09\/17\/bitcoin-price-btc-at-clear-risk-of-further-declines\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price turned buy on dips and it could continue to rise towards $0.3200.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past many analysis, we discussed the importance of the $0.2650 resistance for XRP price against the US Dollar. Yesterday, we even saw a <a href=\"https:\/\/wncen.com\/2019\/09\/17\/ripple-price-xrp-facing-uphill-task-can-bulls-make-it\/\" target=\"_blank\" rel=\"noopener noreferrer \">major breakout pattern<\/a> forming with resistance near $0.2630 on the hourly chart of the XRP\/USD pair. Finally, the pair gained bullish momentum and broke the main $0.2620 and $0.2650 resistance levels. It opened the doors for sharp gains above the $0.2720 and $0.2800 resistance levels.<\/p>\n<p>Moreover, the price rallied above the $0.3000 resistance area and gained more than 15%. Intermediately, there was a break above a bullish continuation pattern with resistance near $0.2930 on the same chart. A new monthly high was formed near $0.3128 and the price is currently consolidating gains. An immediate support is near the $0.3060 level. It coincides with the 23.6% Fib retracement level of the recent rally from the $0.2839 low to $0.3128 high.<\/p>\n<p>On the downside, there are many supports near the $0.3060 and $0.3000 levels. Moreover, the 50% Fib retracement level of the recent rally from the $0.2839 low to $0.3128 high is near the $0.2985 to act as a solid support. The next key support is near $0.2950, below which ripple could test the $0.2800 support area.<\/p>\n<p>On the upside, an immediate resistance is near the $0.3120 level. If there are more upsides, the price could easily break the $0.3150 resistance and continue higher towards the $0.3200 and $0.3220 resistance levels. The main resistance for the current wave is now near the $0.3250 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396369\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.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-7.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Ripple-Price-7.png?w=1140 1140w\" sizes=\"auto, (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 in a nice uptrend above the $0.2950 and $0.3000 support levels. In the short term, there could be a downside correction, but the price remains well bid above the $0.3000 and $0.2950 levels in the coming sessions.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently showing many positive signs in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 70 level.<\/p>\n<p>Major Support Levels \u2013 $0.3060, $0.3000 and $0.2950.<\/p>\n<p>Major Resistance Levels \u2013 $0.3120, $0.3150 and $0.3220.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar. The price is trading well above the $0.3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels. Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin. XRP price turned buy on dips and it could continue to rise towards $0.3200. Ripple Price Analysis In the past many analysis, we discussed the importance of the $0.2650 resistance for XRP price against the US Dollar. Yesterday, we even saw a major breakout pattern forming with resistance near $0.2630 on the hourly chart of the XRP\/USD pair. Finally, the pair gained bullish momentum and broke the main $0.2620 and $0.2650 resistance levels. It opened the doors for sharp gains above the $0.2720 and $0.2800 resistance levels. Moreover, the price rallied above the $0.3000 resistance area and gained more than 15%. Intermediately, there was a break above a bullish continuation pattern with resistance near $0.2930 on the same chart. A new monthly high was formed near $0.3128 and the price is currently consolidating gains. An immediate support is near the $0.3060 level. It coincides with the 23.6% Fib retracement level of the recent rally from the $0.2839 low to $0.3128 high. On the downside, there are many supports near the $0.3060 and $0.3000 levels. Moreover, the 50% Fib retracement level of the recent rally from the $0.2839 low to $0.3128 high is near the $0.2985 to act as a solid support. The next key support is near $0.2950, below which ripple could test the $0.2800 support area. On the upside, an immediate resistance is near the $0.3120 level. If there are more upsides, the price could easily break the $0.3150 resistance and continue higher towards the $0.3200 and $0.3220 resistance levels. The main resistance for the current wave is now near the $0.3250 level. Looking at the chart, ripple price is clearly trading in a nice uptrend above the $0.2950 and $0.3000 support levels. In the short term, there could be a downside correction, but the price remains well bid above the $0.3000 and $0.2950 levels in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently showing many positive signs in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 70 level. Major Support Levels \u2013 $0.3060, $0.3000 and $0.2950. Major Resistance Levels \u2013 $0.3120, $0.3150 and $0.3220.<\/p>\n","protected":false},"author":67,"featured_media":167058,"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-396368","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) Rallies Significantly To Start Massive Uptrend<\/title>\n<meta name=\"description\" content=\"Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin. 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XRP price turned buy on dips and it could continue to rise towards $0.3200.","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-rallies-significantly-to-start-massive-uptrend\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend","og_description":"Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin. 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