{"id":418583,"date":"2020-03-19T04:08:51","date_gmt":"2020-03-19T04:08:51","guid":{"rendered":"https:\/\/wncen.com\/?p=418583"},"modified":"2024-06-11T13:46:33","modified_gmt":"2024-06-11T13:46:33","slug":"ripple-xrp-is-consolidating-and-could-start-rising","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-is-consolidating-and-could-start-rising\/","title":{"rendered":"Ripple (XRP) Is Consolidating In Key Range And It Could Start Rising"},"content":{"rendered":"
Ripple is facing a strong resistance near the $0.1500 region against the US Dollar. However, XRP price remains well supported above $0.1400 and it could soon start an increase towards $0.1700.<\/em><\/p>\n
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Ripple price is trading in a key range above the $0.1400 support level against the US dollar.<\/li>\n
There are a few key hurdles forming near the $0.1500 and $0.1550 levels.<\/li>\n
There is a major contracting triangle forming with resistance near $0.1485 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The price is likely to accelerate higher once it clears the $0.1485 and $0.1500 resistance levels.<\/li>\n<\/ul>\n