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{"id":437001,"date":"2020-09-02T07:48:48","date_gmt":"2020-09-02T07:48:48","guid":{"rendered":"https:\/\/wncen.com\/?p=437001"},"modified":"2024-06-11T14:15:52","modified_gmt":"2024-06-11T14:15:52","slug":"ripple-xrp-breaches-0-30","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-breaches-0-30\/","title":{"rendered":"Ripple (XRP) Breaches $0.30: Next Bullish Levels Traders Should Watch"},"content":{"rendered":"

Ripple extended its rise above the $0.2920 resistance against the US Dollar. XRP price even broke the $0.3000 resistance and it is currently correcting gains.<\/em><\/p>\n

\n
Ripple is back in a positive zone above the $0.2920 and $0.2950 levels against the US dollar.<\/li>\n
The price traded to a new weekly high at $0.3043 and it is now well above the 100 hourly simple moving average.<\/li>\n
There is a key connecting bullish trend line forming with support near $0.2975 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair could correct a few points, but dips are likely to remain supported near $0.2950.<\/li>\n<\/ul>\n
Ripple Price Breaks $0.3000<\/h2>\n
The recent increase in Ethereum<\/a> and bitcoin<\/a> dragged ripple higher above the $0.2920 resistance. XRP climbed above the $0.2950 barrier and settled well above the 100 hourly simple moving average.<\/p>\n
Finally, it broke the $0.3000 barrier<\/a> and traded to a new weekly high at $0.3043. It is currently correcting lower and trading below $0.3020. There was a break below the 23.6% Fib retracement level of the recent rise from the $0.2869 low to $0.3043 high.<\/p>\n
The price is now testing the $0.2980 support zone. There is also a key connecting bullish trend line forming with support near $0.2975 on the hourly chart of the XRP\/USD pair.<\/p>\n
$\"Ripple$ <\/a><\/p>\n
Ripple price trades above $0.3000. Source: TradingView.com<\/a><\/pre>\n
If there is a downside break below the trend line, the price could test the $0.2950 support area. It is important since it is close to the 50% Fib retracement level of the recent rise from the $0.2869 low to $0.3043 high.<\/p>\n
On the upside, ripple price is likely to gain pace above the $0.3020 and $0.3040 levels. The first major resistance is near the $0.3080 level, above which the bulls are likely to aim a test of the $0.3120 resistance in the near term.<\/p>\n
Dips Limited in XRP?<\/h2>\n
If ripple starts a downside correction, the bulls are likely to protect the main $0.2950 support zone. The next major support is near the $0.295220 pivot level.<\/p>\n
Any further losses are likely to lead the price towards the $0.2850 support level or the 100 hourly simple moving average, where the bulls are likely to take a strong stand.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slowly losing momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 50 level.<\/p>\n
Major Support Levels \u2013 $0.2950, $0.2920 and $0.2900.<\/p>\n
Major Resistance Levels \u2013 $0.3020, $0.3040 and $0.3080.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple extended its rise above the $0.2920 resistance against the US Dollar. XRP price even broke the $0.3000 resistance and it is currently correcting gains. Ripple is back in a positive zone above the $0.2920 and $0.2950 levels against the US dollar. The price traded to a new weekly high at $0.3043 and it is now well above the 100 hourly simple moving average. There is a key connecting bullish trend line forming with support near $0.2975 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair could correct a few points, but dips are likely to remain supported near $0.2950. Ripple Price Breaks $0.3000 The recent increase in Ethereum and bitcoin dragged ripple higher above the $0.2920 resistance. XRP climbed above the $0.2950 barrier and settled well above the 100 hourly simple moving average. Finally, it broke the $0.3000 barrier and traded to a new weekly high at $0.3043. It is currently correcting lower and trading below $0.3020. There was a break below the 23.6% Fib retracement level of the recent rise from the $0.2869 low to $0.3043 high. The price is now testing the $0.2980 support zone. There is also a key connecting bullish trend line forming with support near $0.2975 on the hourly chart of the XRP\/USD pair. Ripple price trades above $0.3000. Source: TradingView.com If there is a downside break below the trend line, the price could test the $0.2950 support area. It is important since it is close to the 50% Fib retracement level of the recent rise from the $0.2869 low to $0.3043 high. On the upside, ripple price is likely to gain pace above the $0.3020 and $0.3040 levels. The first major resistance is near the $0.3080 level, above which the bulls are likely to aim a test of the $0.3120 resistance in the near term. Dips Limited in XRP? If ripple starts a downside correction, the bulls are likely to protect the main $0.2950 support zone. The next major support is near the $0.295220 pivot level. Any further losses are likely to lead the price towards the $0.2850 support level or the 100 hourly simple moving average, where the bulls are likely to take a strong stand. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is correcting lower towards the 50 level. Major Support Levels \u2013 $0.2950, $0.2920 and $0.2900. Major Resistance Levels \u2013 $0.3020, $0.3040 and $0.3080.<\/p>\n","protected":false},"author":67,"featured_media":437006,"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-437001","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) Breaches $0.30: Next Bullish Levels Traders Should Watch<\/title>\n<meta name=\"description\" content=\"Ripple extended its rise above the $0.2920 resistance. 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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) Breaches $0.30: Next Bullish Levels Traders Should Watch","url":"http:\/\/wncen.com\/news\/ripple-xrp-breaches-0-30\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-xrp-breaches-0-30\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_631992692.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_631992692.jpg?fit=1000%2C692"},"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":"2020-09-02T07:48:48Z","datePublished":"2020-09-02T07:48:48Z","dateModified":"2024-06-11T14:15:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Breaches $0.30: Next Bullish Levels Traders Should Watch\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-breaches-0-30\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-breaches-0-30\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_631992692.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_631992692.jpg?fit=1000%2C692\"},\"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\":\"2020-09-02T07:48:48Z\",\"datePublished\":\"2020-09-02T07:48:48Z\",\"dateModified\":\"2024-06-11T14:15:52Z\"}<\/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\/09\/shutterstock_631992692.jpg?fit=1000%2C692","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/437001","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=437001"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/437001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/437006"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=437001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=437001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=437001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}