{"id":448542,"date":"2020-11-02T07:58:02","date_gmt":"2020-11-02T07:58:02","guid":{"rendered":"https:\/\/wncen.com\/?p=448542"},"modified":"2024-06-11T14:07:50","modified_gmt":"2024-06-11T14:07:50","slug":"ripple-xrp-holds-strong-0-24","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-xrp-holds-strong-0-24\/","title":{"rendered":"Charted: Ripple (XRP) Holds Strong, Bulls Could Aim Fresh Test of $0.25"},"content":{"rendered":"
Ripple found support near $0.2320 and recovered higher above $0.2380 against the US Dollar. XRP price is consolidating gains and it could rally towards $0.2500.<\/em><\/p>\n This past week, we saw a sharp decline in ripple below the $0.2400 support area<\/a>. XRP price even broke the $0.2350 support and the 100 hourly simple moving average. It traded as low as $0.2310 and recently started a solid recovery wave.<\/p>\n There was a break above the $0.2350 and $0.2380 resistance levels. The price even climbed above the 50% Fib retracement level of the downward move from the $0.2472 high to $0.2310 low.<\/p>\n More importantly, there was a break above a key bearish trend line with resistance near $0.2400 on the hourly chart of the XRP\/USD pair. The price is now trading above the $0.2400 resistance and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n An initial hurdle on the upside is near the $0.2420 level. The next resistance is near the 76.4% Fib retracement level of the downward move from the $0.2472 high to $0.2310 low. If there is a clear break above the $0.2420 and $0.2450 resistance levels, there is a risk of more upsides towards the $0.2480 and $0.2500 resistance levels.<\/p>\n The first key support for ripple is near the $0.2400 level and the broken trend line. The next key support is forming near the $0.2380 zone.<\/p>\n A successful break below the $0.2380 support level could put a lot of pressure on the bulls. In the stated case, the price may possibly revisit the $0.2320 support zone.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 The MACD for XRP\/USD is losing momentum in the bullish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently riding and it is above the 50 level.<\/p>\n Major Support Levels \u2013 $0.2400, $0.2380 and $0.2320.<\/p>\n Major Resistance Levels \u2013 $0.2420, $0.2450 and $0.2500.<\/p>\n","protected":false},"excerpt":{"rendered":" Ripple found support near $0.2320 and recovered higher above $0.2380 against the US Dollar. XRP price is consolidating gains and it could rally towards $0.2500. Ripple recovered nicely above the $0.2350 and $0.2380 resistance levels against the US dollar. The price is now trading above the $0.2400 resistance and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $0.2400 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $0.2420 resistance zone. Ripple Price is Showing Positive Signs This past week, we saw a sharp decline in ripple below the $0.2400 support area. XRP price even broke the $0.2350 support and the 100 hourly simple moving average. It traded as low as $0.2310 and recently started a solid recovery wave. There was a break above the $0.2350 and $0.2380 resistance levels. The price even climbed above the 50% Fib retracement level of the downward move from the $0.2472 high to $0.2310 low. More importantly, there was a break above a key bearish trend line with resistance near $0.2400 on the hourly chart of the XRP\/USD pair. The price is now trading above the $0.2400 resistance and the 100 hourly simple moving average. Source: XRPUSD on TradingView.com An initial hurdle on the upside is near the $0.2420 level. The next resistance is near the 76.4% Fib retracement level of the downward move from the $0.2472 high to $0.2310 low. If there is a clear break above the $0.2420 and $0.2450 resistance levels, there is a risk of more upsides towards the $0.2480 and $0.2500 resistance levels. Key Supports For XRP The first key support for ripple is near the $0.2400 level and the broken trend line. The next key support is forming near the $0.2380 zone. A successful break below the $0.2380 support level could put a lot of pressure on the bulls. In the stated case, the price may possibly revisit the $0.2320 support zone. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently riding and it is above the 50 level. Major Support Levels \u2013 $0.2400, $0.2380 and $0.2320. Major Resistance Levels \u2013 $0.2420, $0.2450 and $0.2500.<\/p>\n","protected":false},"author":67,"featured_media":448544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,10972,78763],"class_list":["post-448542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n\n
Ripple Price is Showing Positive Signs<\/h2>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Key Supports For XRP<\/h2>\n