Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31<\/title>\n<meta name=\"description\" content=\"Ripple found support near $0.2680 and recovered slightly. XRP price could continue to rise, but the bears are likely to protect the $0.3100 resistance area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple-xrp-rally-remains-attractive-to-the-bears\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31\" \/>\n<meta property=\"og:description\" content=\"Ripple found support near $0.2680 and recovered slightly. 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{"id":414995,"date":"2020-02-18T04:28:29","date_gmt":"2020-02-18T04:28:29","guid":{"rendered":"https:\/\/wncen.com\/?p=414995"},"modified":"2024-06-11T13:42:06","modified_gmt":"2024-06-11T13:42:06","slug":"ripple-xrp-rally-remains-attractive-to-the-bears","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-rally-remains-attractive-to-the-bears\/","title":{"rendered":"Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31"},"content":{"rendered":"

Ripple found support near $0.2680 and recovered slightly against the US Dollar. XRP price could continue to rise, but the bears are likely to protect the $0.3100 resistance area.<\/em><\/p>\n

\n
Ripple price is slowly correcting higher from the $0.2677 swing low against the US dollar.<\/li>\n
The price is back above the $0.2800 area, but it lacks bullish momentum.<\/li>\n
Yesterday\u2019s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The price could recover towards the $0.3000, $0.3050 and $0.3100 resistance levels.<\/li>\n<\/ul>\n
Ripple Price Facing Strong Resistance<\/h2>\n
Yesterday, we saw a strong decline<\/a> in ripple from well above the $0.3200 and $0.3000 levels. XRP even settled below the $0.3000 pivot level and the 100 hourly simple moving average.<\/p>\n
Finally, the price broke the $0.2800 support area and traded close to the $0.2650 support<\/a>. A swing low is formed near $0.2677 and the price is currently recovering. It surpassed the $0.2750 and $0.2800 resistance levels to start a decent recovery.<\/p>\n
Furthermore, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3469 high to $0.2677 low. More importantly, yesterday\u2019s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart<\/a> of the XRP\/USD pair.<\/p>\n
$\"Ripple$ <\/a>
Ripple Price<\/figcaption><\/figure>\n
Ripple price is now trading above the $0.2900 level. However, there are many hurdles waiting on the upside, starting with $0.3000. The next resistance is near the $0.3070 level and the 100 hourly simple moving average.<\/p>\n
Besides, the 50% Fib retracement level of the downward move from the $0.3469 high to $0.2677 low is near the $0.3070 level. Therefore, the bears are likely to put up a solid fight if the price climbs towards $0.3050 and $0.3070.<\/p>\n
If the bulls are able to clear the $0.3070 and $0.3100 resistance levels, there could be a strong rise towards the $0.3400 and $0.3500 resistance levels.<\/p>\n
Fresh Decline?<\/h2>\n
In the short term, there could be corrective moves above the $0.2900 and $0.2920 levels. Later, if the price fails to gain strength above $0.3000, it is likely to resume its decline.<\/p>\n
An initial support is near the $0.2800 area. The main support for ripple is near the $0.2650 level, below which the price could decline heavily towards $0.2500 or $0.2450 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is back above the 50 level, with a few positive signs.<\/p>\n
Major Support Levels \u2013 $0.2800, $0.2780 and $0.2650.<\/p>\n
Major Resistance Levels \u2013 $0.2940, $0.3000 and $0.3070.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple found support near $0.2680 and recovered slightly against the US Dollar. XRP price could continue to rise, but the bears are likely to protect the $0.3100 resistance area. Ripple price is slowly correcting higher from the $0.2677 swing low against the US dollar. The price is back above the $0.2800 area, but it lacks bullish momentum. Yesterday\u2019s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price could recover towards the $0.3000, $0.3050 and $0.3100 resistance levels. Ripple Price Facing Strong Resistance Yesterday, we saw a strong decline in ripple from well above the $0.3200 and $0.3000 levels. XRP even settled below the $0.3000 pivot level and the 100 hourly simple moving average. Finally, the price broke the $0.2800 support area and traded close to the $0.2650 support. A swing low is formed near $0.2677 and the price is currently recovering. It surpassed the $0.2750 and $0.2800 resistance levels to start a decent recovery. Furthermore, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3469 high to $0.2677 low. More importantly, yesterday\u2019s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart of the XRP\/USD pair. Ripple price is now trading above the $0.2900 level. However, there are many hurdles waiting on the upside, starting with $0.3000. The next resistance is near the $0.3070 level and the 100 hourly simple moving average. Besides, the 50% Fib retracement level of the downward move from the $0.3469 high to $0.2677 low is near the $0.3070 level. Therefore, the bears are likely to put up a solid fight if the price climbs towards $0.3050 and $0.3070. If the bulls are able to clear the $0.3070 and $0.3100 resistance levels, there could be a strong rise towards the $0.3400 and $0.3500 resistance levels. Fresh Decline? In the short term, there could be corrective moves above the $0.2900 and $0.2920 levels. Later, if the price fails to gain strength above $0.3000, it is likely to resume its decline. An initial support is near the $0.2800 area. The main support for ripple is near the $0.2650 level, below which the price could decline heavily towards $0.2500 or $0.2450 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is back above the 50 level, with a few positive signs. Major Support Levels \u2013 $0.2800, $0.2780 and $0.2650. Major Resistance Levels \u2013 $0.2940, $0.3000 and $0.3070.<\/p>\n","protected":false},"author":67,"featured_media":414997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,4],"tags":[3680,4531],"class_list":["post-414995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nRipple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31<\/title>\n<meta name=\"description\" content=\"Ripple found support near $0.2680 and recovered slightly. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31","url":"http:\/\/wncen.com\/news\/ripple-xrp-rally-remains-attractive-to-the-bears\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-xrp-rally-remains-attractive-to-the-bears\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1043982583.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1043982583.jpg?fit=1000%2C667"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp"],"dateCreated":"2020-02-18T04:28:29Z","datePublished":"2020-02-18T04:28:29Z","dateModified":"2024-06-11T13:42:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-rally-remains-attractive-to-the-bears\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-rally-remains-attractive-to-the-bears\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/shutterstock_1043982583.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/shutterstock_1043982583.jpg?fit=1000%2C667\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\"],\"dateCreated\":\"2020-02-18T04:28:29Z\",\"datePublished\":\"2020-02-18T04:28:29Z\",\"dateModified\":\"2024-06-11T13:42:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/02\/shutterstock_1043982583.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/414995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=414995"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/414995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/414997"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=414995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=414995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=414995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}