{"id":415139,"date":"2020-02-19T04:28:36","date_gmt":"2020-02-19T04:28:36","guid":{"rendered":"https:\/\/wncen.com\/?p=415139"},"modified":"2024-06-11T13:42:10","modified_gmt":"2024-06-11T13:42:10","slug":"ripple-xrp-recovery-facing-key-hurdles","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-recovery-facing-key-hurdles\/","title":{"rendered":"Ripple (XRP) Recovery Facing Key Hurdles: Can Bulls Outsmart Bears?"},"content":{"rendered":"
Ripple started an upside above the $0.2850 resistance area against the US Dollar. However, XRP price is still facing a couple of key hurdles near $0.3000 and $0.3080.<\/em><\/p>\n
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Ripple price is currently correcting higher from the $0.2677 swing low against the US dollar.<\/li>\n
The price is trading above $0.2850, but it is still facing many key resistances.<\/li>\n
There is a key bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The price struggle to continue above the $0.3000 and $0.3080 resistance levels in the near term.<\/li>\n<\/ul>\n
Ripple Price Near Crucial Juncture<\/h2>\n
After a strong decline below $0.3000 and the 100 hourly simple moving average, ripple found support near the $0.2650 area. XRP traded as low as $0.2677 and recently started a steady recovery<\/a> above the $0.2700 level.<\/p>\n