{"id":401300,"date":"2019-10-14T04:08:39","date_gmt":"2019-10-14T04:08:39","guid":{"rendered":"https:\/\/wncen.com\/?p=401300"},"modified":"2024-06-11T13:16:01","modified_gmt":"2024-06-11T13:16:01","slug":"ripple-xrp-price-up-4-while-btc-and-eth-are-consolidating","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-up-4-while-btc-and-eth-are-consolidating\/","title":{"rendered":"Ripple (XRP) Price Up 4% While BTC and ETH Are Consolidating"},"content":{"rendered":"
Ripple price is gaining bullish momentum against the US Dollar, bitcoin<\/a> and Ethereum<\/a>. XRP price must surpass $0.2850 to continue higher in the near term.<\/em><\/p>\n This past week, there was a sharp correction in ripple price below the $0.2750 support area against the US Dollar. XRP price even broke the $0.2700 level before the bulls took a stand near the $0.2650 support area. Later, a support base was formed near $0.2650 and recently the price started a fresh increase. It broke the $0.2700 and $0.2750 resistance levels to move into a positive zone.<\/p>\n Moreover, there was a close above the $0.2750 level and the 100 hourly simple moving average. The price tested the key $0.2850 resistance area and formed a high near $0.2857. At the moment, the price is consolidating gains near the $0.2850 resistance. An immediate support is near the $0.2820 level. It coincides with the 23.6% Fib retracement level of the recent wave from the $0.2730 low to $0.2857 high.<\/p>\n However, there are many supports on the downside for ripple near the $0.2800 and $0.2780 levels. Additionally, the 50% Fib retracement level of the recent wave from the $0.2730 low to $0.2857 high is near the $0.2800 level. More importantly, there is a major bullish trend line forming with support near $0.2770 on the hourly chart of the XRP\/USD pair.<\/p>\n The trend line coincides with the 61.8% Fib retracement level of the recent wave from the $0.2730 low to $0.2857 high. The main support is near the $0.2750 level, below which the price could resume its decline towards the $0.2650 and $0.2600 support levels. On the upside, the main resistance is near the $0.2850 level. A convincing close above the $0.2850 resistance might set the pace for more gains towards $0.2950 and $0.3000.<\/p>\nRipple Price Analysis<\/h2>\n