{"id":406365,"date":"2019-12-06T04:28:52","date_gmt":"2019-12-06T04:28:52","guid":{"rendered":"https:\/\/wncen.com\/?p=406365"},"modified":"2024-06-11T13:15:39","modified_gmt":"2024-06-11T13:15:39","slug":"ripple-xrp-price-primed-for-further-upsides","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-primed-for-further-upsides\/","title":{"rendered":"Ripple (XRP) Price Primed For Further Upsides"},"content":{"rendered":"<ul>\n<li>Ripple price is trading nicely above the $0.2180 pivot area against the US dollar.<\/li>\n<li>The price is likely to slowly rise towards the $0.2265 and $0.2300 resistance levels.<\/li>\n<li>There is a major bullish trend line forming with support near $0.2180 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>Ethereum is also rising, but it is struggling to clear the $150 and $152 resistance levels.<\/li>\n<\/ul>\n<p><em>Ripple price is back in a positive zone against the US Dollar and <a href=\"https:\/\/wncen.com\/2019\/12\/05\/bitcoin-btc-could-rise-again-before-fresh-monthly-low\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price must climb above $0.2265 to continue higher in the near term.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Earlier this week, there was a sharp decline in ripple from the $0.2265 resistance area against the US Dollar. However, the price remained well bid above the $0.2100 support and recently started a fresh increase.<\/p>\n<p>The last swing low was near $0.2115 before the price climbed above the $0.2150 resistance. Moreover, there was a break above the $0.2180 resistance and the 100 hourly simple moving average.<\/p>\n<p>The recent rise was such that the price once again tested the <a href=\"https:\/\/wncen.com\/2019\/12\/05\/ripple-xrp-price-could-revisit-0-2000-btc-eth-under-pressure\/\" target=\"_blank\" rel=\"noopener noreferrer \">$0.2265 resistance area<\/a>. A swing high was formed near $0.2264 and the price is currently correcting lower. It broke the 23.6% Fib retracement level of the recent wave from the $0.2115 low to $0.2264 high.<\/p>\n<p>On the downside, there are many supports, starting with $0.2200 and the previous bearish trend line. Additionally, the 100 hourly simple moving average is positioned near the $0.2180 level.<\/p>\n<p>More importantly, there is a major bullish trend line forming with support near $0.2180 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $0.2115 low to $0.2264 high.<\/p>\n<p>If there is a downside break below the trend line, ripple price could test the $0.2150 support area. Any further downsides may perhaps lead the price towards the $0.2100 support area.<\/p>\n<p>On the upside, an immediate resistance is near the $0.2250 level. Besides, the main resistance is near the $0.2265 level, above which the price is likely to climb towards the $0.2300 and $0.2320 resistance levels.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-406366\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?resize=1828%2C868\" alt=\"Ripple Price \" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Ripple-Price-4.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 showing a few positive signs above the $0.2180 support level. Therefore, there are chances of another attempt to surpass the $0.2265 resistance. If the price fails again, it could dive back towards the $0.2100 support area.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is currently reducing its bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting lower and it could test the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2180, $0.2150 and $0.2100.<\/p>\n<p>Major Resistance Levels \u2013 $0.2250, $0.2265 and $0.2300.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is trading nicely above the $0.2180 pivot area against the US dollar. The price is likely to slowly rise towards the $0.2265 and $0.2300 resistance levels. There is a major bullish trend line forming with support near $0.2180 on the hourly chart of the XRP\/USD pair (data source from Kraken). Ethereum is also rising, but it is struggling to clear the $150 and $152 resistance levels. Ripple price is back in a positive zone against the US Dollar and bitcoin. XRP price must climb above $0.2265 to continue higher in the near term. Ripple Price Analysis Earlier this week, there was a sharp decline in ripple from the $0.2265 resistance area against the US Dollar. However, the price remained well bid above the $0.2100 support and recently started a fresh increase. The last swing low was near $0.2115 before the price climbed above the $0.2150 resistance. Moreover, there was a break above the $0.2180 resistance and the 100 hourly simple moving average. The recent rise was such that the price once again tested the $0.2265 resistance area. A swing high was formed near $0.2264 and the price is currently correcting lower. It broke the 23.6% Fib retracement level of the recent wave from the $0.2115 low to $0.2264 high. On the downside, there are many supports, starting with $0.2200 and the previous bearish trend line. Additionally, the 100 hourly simple moving average is positioned near the $0.2180 level. More importantly, there is a major bullish trend line forming with support near $0.2180 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $0.2115 low to $0.2264 high. If there is a downside break below the trend line, ripple price could test the $0.2150 support area. Any further downsides may perhaps lead the price towards the $0.2100 support area. On the upside, an immediate resistance is near the $0.2250 level. Besides, the main resistance is near the $0.2265 level, above which the price is likely to climb towards the $0.2300 and $0.2320 resistance levels. Looking at the chart, ripple price is showing a few positive signs above the $0.2180 support level. Therefore, there are chances of another attempt to surpass the $0.2265 resistance. If the price fails again, it could dive back towards the $0.2100 support area. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is currently reducing its bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting lower and it could test the 50 level. Major Support Levels \u2013 $0.2180, $0.2150 and $0.2100. Major Resistance Levels \u2013 $0.2250, $0.2265 and $0.2300.<\/p>\n","protected":false},"author":67,"featured_media":170059,"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-406365","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 Primed For Further Upsides<\/title>\n<meta name=\"description\" content=\"Ripple price is back in a positive zone against the US Dollar and bitcoin. 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