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{"id":435490,"date":"2020-08-19T07:48:37","date_gmt":"2020-08-19T07:48:37","guid":{"rendered":"https:\/\/wncen.com\/?p=435490"},"modified":"2024-06-11T13:15:11","modified_gmt":"2024-06-11T13:15:11","slug":"ripple-xrp-price-crucial-uptrend-support-intact","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-price-crucial-uptrend-support-intact\/","title":{"rendered":"Ripple (XRP) Price Won’t Go Down Quietly: Crucial Uptrend Support Intact"},"content":{"rendered":"

Ripple is down over 8% from the $0.3250 resistance zone against the US Dollar. XRP price is now approaching a major uptrend support near the $0.2880 and $0.2850 levels.<\/em><\/p>\n

\n
Ripple is declining and it broke the $0.3000 support zone against the US dollar.<\/li>\n
The price is currently approaching a crucial support near the $0.2850 level.<\/li>\n
There is a significant bullish trend line with support near $0.2880 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to bounce back as long as it is above the $0.2850 and $0.2800 support levels.<\/li>\n<\/ul>\n
Ripple Price Is Approaching Key Support<\/h2>\n
After a strong rejection near the $0.3250 resistance<\/a>, ripple started a fresh decline. The price broke the $0.3120 support level to move into a short-term bearish zone.<\/p>\n
The decline gained pace below the $0.3055 and $0.3050 support levels. The bears even pushed the price below the $0.2920 support level and the 100 simple moving average (4-hours). However, the price is now approaching a crucial support near the $0.2880 and $0.2850 levels.<\/p>\n
A low is formed near $0.2872 and the price is currently trading with a bearish zone. An initial resistance on the upside is near the $0.2950 level, followed by the 23.6% Fib retracement level of the recent decline from the $0.3274 high to $0.2872 low at $0.2965.<\/p>\n
$\"Ripple$ <\/a><\/p>\n
Ripple (XRP) price trades below $0.3000. Source: TradingView.com<\/a><\/pre>\n
The 100 simple moving average (4-hours) is at $0.3000 to stop the upward move. The first major resistance is near the $0.3055 and $0.3065 levels. It is close to the 50% Fib retracement level of the recent decline from the $0.3274 high to $0.2872 low.<\/p>\n
On the downside, there is a strong support<\/a> waiting near $0.2850 and $0.2800. If ripple fails to stay above the $0.2800 support zone, it could dive further towards the $0.2500 support in the near term.<\/p>\n
Fresh Increase in XRP?<\/h2>\n
If ripple stays above the $0.2880 and $0.2850 support levels, it could form a new base for a fresh increase. To start a decent increase, it must recover above $0.3000.<\/p>\n
The main hurdle is now near the $0.3055 and $0.3065 levels, above which the bulls are likely to aim a retest of the $0.3250 resistance zone in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining strength in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.2880, $0.2850 and $0.2800.<\/p>\n
Major Resistance Levels \u2013 $0.2950, $0.3000 and $0.3055.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple is down over 8% from the $0.3250 resistance zone against the US Dollar. XRP price is now approaching a major uptrend support near the $0.2880 and $0.2850 levels. Ripple is declining and it broke the $0.3000 support zone against the US dollar. The price is currently approaching a crucial support near the $0.2850 level. There is a significant bullish trend line with support near $0.2880 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely to bounce back as long as it is above the $0.2850 and $0.2800 support levels. Ripple Price Is Approaching Key Support After a strong rejection near the $0.3250 resistance, ripple started a fresh decline. The price broke the $0.3120 support level to move into a short-term bearish zone. The decline gained pace below the $0.3055 and $0.3050 support levels. The bears even pushed the price below the $0.2920 support level and the 100 simple moving average (4-hours). However, the price is now approaching a crucial support near the $0.2880 and $0.2850 levels. A low is formed near $0.2872 and the price is currently trading with a bearish zone. An initial resistance on the upside is near the $0.2950 level, followed by the 23.6% Fib retracement level of the recent decline from the $0.3274 high to $0.2872 low at $0.2965. Ripple (XRP) price trades below $0.3000. Source: TradingView.com The 100 simple moving average (4-hours) is at $0.3000 to stop the upward move. The first major resistance is near the $0.3055 and $0.3065 levels. It is close to the 50% Fib retracement level of the recent decline from the $0.3274 high to $0.2872 low. On the downside, there is a strong support waiting near $0.2850 and $0.2800. If ripple fails to stay above the $0.2800 support zone, it could dive further towards the $0.2500 support in the near term. Fresh Increase in XRP? If ripple stays above the $0.2880 and $0.2850 support levels, it could form a new base for a fresh increase. To start a decent increase, it must recover above $0.3000. The main hurdle is now near the $0.3055 and $0.3065 levels, above which the bulls are likely to aim a retest of the $0.3250 resistance zone in the coming sessions. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining strength in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level. Major Support Levels \u2013 $0.2880, $0.2850 and $0.2800. Major Resistance Levels \u2013 $0.2950, $0.3000 and $0.3055.<\/p>\n","protected":false},"author":67,"featured_media":435492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,4],"tags":[3680,4531,10972,78763],"class_list":["post-435490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple (XRP) Price Won't Go Down Quietly: Crucial Uptrend Support Intact<\/title>\n<meta name=\"description\" content=\"Ripple is down over 8% from the $0.3250 resistance zone against the US Dollar. 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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) Price Won’t Go Down Quietly: Crucial Uptrend Support Intact","url":"http:\/\/wncen.com\/news\/ripple-xrp-price-crucial-uptrend-support-intact\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-xrp-price-crucial-uptrend-support-intact\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/shutterstock_158505446.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/08\/shutterstock_158505446.jpg?fit=1000%2C727"},"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","xrpusd","xrpusdt"],"dateCreated":"2020-08-19T07:48:37Z","datePublished":"2020-08-19T07:48:37Z","dateModified":"2024-06-11T13:15:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Price Won’t Go Down Quietly: Crucial Uptrend Support Intact\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-price-crucial-uptrend-support-intact\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-price-crucial-uptrend-support-intact\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_158505446.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_158505446.jpg?fit=1000%2C727\"},\"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\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2020-08-19T07:48:37Z\",\"datePublished\":\"2020-08-19T07:48:37Z\",\"dateModified\":\"2024-06-11T13:15:11Z\"}<\/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\/08\/shutterstock_158505446.jpg?fit=1000%2C727","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/435490","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=435490"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/435490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/435492"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=435490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=435490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=435490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}