{"id":401091,"date":"2019-10-11T04:08:03","date_gmt":"2019-10-11T04:08:03","guid":{"rendered":"https:\/\/wncen.com\/?p=401091"},"modified":"2024-06-11T13:30:58","modified_gmt":"2024-06-11T13:30:58","slug":"ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/","title":{"rendered":"Ripple (XRP) Price Won&#8217;t Go Quietly, Risk of Bounce Grows"},"content":{"rendered":"<ul>\n<li>Ripple price is correcting lower and is trading below the $0.2750 pivot level against the US dollar.<\/li>\n<li>The price is holding the $0.2700 support area, but it is facing a strong resistance.<\/li>\n<li>There is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price could extend its decline to $0.2650 before it starts a fresh increase above $0.2750.<\/li>\n<\/ul>\n<p><em>Ripple price is struggling to continue higher against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/10\/10\/bitcoin-btc-shows-signs-of-important-reversal-8-8k-next\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price might decline towards $0.2650 or $0.2620 before it could climb higher.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, ripple price traded above the <a href=\"https:\/\/wncen.com\/2019\/10\/10\/ripple-price-xrp-correcting-gains-btc-and-eth-rally\/\" target=\"_blank\" rel=\"noopener noreferrer \">$0.2850 resistance<\/a> against the US Dollar. XRP price traded to a new weekly high at $0.2871 and later started a downside correction. It broke the $0.2800 and $0.2750 support levels. Moreover, there was a close below the $0.2750 support area and the 100 hourly simple moving average. The bears gained pace and even pushed the price below the $0.2720 support.<\/p>\n<p>The price tested the $0.2650 support area and it is currently correcting higher. It broke the $0.2700 level and the 23.6% Fib retracement level of the recent decline from the $0.2871 high to $0.2652 low. However, the previous support near the $0.2750 level is currently acting as a resistance. Additionally, the 100 hourly SMA is also preventing an upside break near $0.2750.<\/p>\n<p>On the upside, the next key resistance is near the $0.2765 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.2871 high to $0.2652 low. A successful break above the $0.2750 and $0.2765 resistance levels could start a fresh increase in ripple in the near term. The next key resistance is near the $0.2820 level, followed by the key $0.2850 barrier.<\/p>\n<p>On the downside, the $0.2700 level is an immediate support. Moreover, there is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP\/USD pair. If there is a break below the trend line, the price could revisit the $0.2650 support area. Any further losses might push the price into a bearish zone towards $0.2600.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-401092\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=130 130w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=104 104w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=83 83w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/Ripple-Price-8.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 seems to be struggling to climb above the $0.2750 and $0.2765 resistance levels. If it continues to struggle, there could be another dip towards the $0.2650 level. However, as long as the price is above $0.2650, it could bounce back above $0.2750.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving into the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently near the 40 level.<\/p>\n<p>Major Support Levels \u2013 $0.2700, $0.2650 and $0.2600.<\/p>\n<p>Major Resistance Levels \u2013 $0.2750, $0.2765 and $0.2820.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is correcting lower and is trading below the $0.2750 pivot level against the US dollar. The price is holding the $0.2700 support area, but it is facing a strong resistance. There is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price could extend its decline to $0.2650 before it starts a fresh increase above $0.2750. Ripple price is struggling to continue higher against the US Dollar and bitcoin. XRP price might decline towards $0.2650 or $0.2620 before it could climb higher. Ripple Price Analysis Yesterday, ripple price traded above the $0.2850 resistance against the US Dollar. XRP price traded to a new weekly high at $0.2871 and later started a downside correction. It broke the $0.2800 and $0.2750 support levels. Moreover, there was a close below the $0.2750 support area and the 100 hourly simple moving average. The bears gained pace and even pushed the price below the $0.2720 support. The price tested the $0.2650 support area and it is currently correcting higher. It broke the $0.2700 level and the 23.6% Fib retracement level of the recent decline from the $0.2871 high to $0.2652 low. However, the previous support near the $0.2750 level is currently acting as a resistance. Additionally, the 100 hourly SMA is also preventing an upside break near $0.2750. On the upside, the next key resistance is near the $0.2765 level. It coincides with the 50% Fib retracement level of the recent decline from the $0.2871 high to $0.2652 low. A successful break above the $0.2750 and $0.2765 resistance levels could start a fresh increase in ripple in the near term. The next key resistance is near the $0.2820 level, followed by the key $0.2850 barrier. On the downside, the $0.2700 level is an immediate support. Moreover, there is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP\/USD pair. If there is a break below the trend line, the price could revisit the $0.2650 support area. Any further losses might push the price into a bearish zone towards $0.2600. Looking at the chart, ripple price seems to be struggling to climb above the $0.2750 and $0.2765 resistance levels. If it continues to struggle, there could be another dip towards the $0.2650 level. However, as long as the price is above $0.2650, it could bounce back above $0.2750. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving into the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently near the 40 level. Major Support Levels \u2013 $0.2700, $0.2650 and $0.2600. Major Resistance Levels \u2013 $0.2750, $0.2765 and $0.2820.<\/p>\n","protected":false},"author":67,"featured_media":328926,"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-401091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Won&#039;t Go Quietly, Risk of Bounce Grows<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to continue higher against the US Dollar and bitcoin. 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XRP price might decline towards $0.2650 or $0.2620 before it could climb higher.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/\" \/>\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=\"2019-10-11T04:08:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:30:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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-xrp-price-wont-go-quietly-risk-of-bounce-grows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Won&#8217;t Go Quietly, Risk of Bounce Grows\",\"datePublished\":\"2019-10-11T04:08:03+00:00\",\"dateModified\":\"2024-06-11T13:30:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/\"},\"wordCount\":418,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/\",\"name\":\"Ripple (XRP) Price Won't Go Quietly, Risk of Bounce Grows\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple-xrp-price-wont-go-quietly-risk-of-bounce-grows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"datePublished\":\"2019-10-11T04:08:03+00:00\",\"dateModified\":\"2024-06-11T13:30:58+00:00\",\"description\":\"Ripple price is struggling to continue higher against the US Dollar and bitcoin. 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XRP price might decline towards $0.2650 or $0.2620 before it could climb higher.","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-xrp-price-wont-go-quietly-risk-of-bounce-grows\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Won't Go Quietly, Risk of Bounce Grows","og_description":"Ripple price is struggling to continue higher against the US Dollar and bitcoin. 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