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{"id":450549,"date":"2020-11-23T07:28:39","date_gmt":"2020-11-23T07:28:39","guid":{"rendered":"https:\/\/wncen.com\/?p=450549"},"modified":"2024-06-11T07:57:55","modified_gmt":"2024-06-11T07:57:55","slug":"ripple-xrp-massive-breakout-to-0-75","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-xrp-massive-breakout-to-0-75\/","title":{"rendered":"Charted: Ripple (XRP) Weekly Chart Suggests Massive Breakout To $0.75"},"content":{"rendered":"

Ripple surged over 40% and it even broke the $0.4500 resistance against the US Dollar. XRP price weekly chart suggests high chances of more upsides towards $0.6000 and $0.7500.<\/em><\/p>\n

\n
Ripple started a strong surge after it broke the $0.3000 resistance zone against the US dollar.<\/li>\n
The price even cleared the $0.4000 resistance and settled well above the 100-week simple moving average.<\/li>\n
There was a break above a crucial bearish trend line with resistance near $0.2950 on the weekly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair remains elevated and the bulls could aim a test of $0.6000 or even $0.7500.<\/li>\n<\/ul>\n
Ripple\u2019s XRP Price Rallies 40%<\/h2>\n
In the past few days, there was a sharp increase in ripple\u2019s XRP price above the $0.3000 resistance zone<\/a>. The price gained pace after there was a proper close above $0.3000 and the 100-week simple moving average.<\/p>\n
More importantly, there was a break above a crucial bearish trend line with resistance near $0.2950 on the weekly chart of the XRP\/USD pair. It opened the doors for a sharp increase<\/a> above $0.3200 and $0.3500. The price even surged above the 61.8% Fib retracement level of the main decline from the $0.5081 swing high to $0.1131 swing low.<\/p>\n
Ripple price settled above the $0.4000 resistance and spiked towards $0.5000. The price is now trading above the 76.4% Fib retracement level of the main decline from the $0.5081 swing high to $0.1131 swing low.<\/p>\n
$\"Ripple\u2019s$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
The current weekly candle seems positive and it seems like there are chances of more upsides above $0.5000 and the $0.5080 swing high. The next target for the bulls could be $0.6000 level. Any further gains could open the doors for a rally towards the $0.7500 level.<\/p>\n
The 1.618 Fib extension level of the main decline from the $0.5081 swing high to $0.1131 swing low at $0.7522 could be the target of the bulls in the coming weeks.<\/p>\n
Dips Limited in XRP?<\/h2>\n
If ripple fails to clear the $0.5000 and $0.5080 resistance levels, there could be a downside correction. The first key support is near the $0.4150 level.<\/p>\n
The next major support is near the $0.3550 level (a multi-touch zone), below which the price could drop towards the $0.3000 breakout zone and the 100-week simple moving average.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 70 level.<\/p>\n
Major Support Levels \u2013 $0.4150, $0.3850 and $0.3550.<\/p>\n
Major Resistance Levels \u2013 $0.5000, $0.5080 and $0.6000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple surged over 40% and it even broke the $0.4500 resistance against the US Dollar. XRP price weekly chart suggests high chances of more upsides towards $0.6000 and $0.7500. Ripple started a strong surge after it broke the $0.3000 resistance zone against the US dollar. The price even cleared the $0.4000 resistance and settled well above the 100-week simple moving average. There was a break above a crucial bearish trend line with resistance near $0.2950 on the weekly chart of the XRP\/USD pair (data source from Kraken). The pair remains elevated and the bulls could aim a test of $0.6000 or even $0.7500. Ripple\u2019s XRP Price Rallies 40% In the past few days, there was a sharp increase in ripple\u2019s XRP price above the $0.3000 resistance zone. The price gained pace after there was a proper close above $0.3000 and the 100-week simple moving average. More importantly, there was a break above a crucial bearish trend line with resistance near $0.2950 on the weekly chart of the XRP\/USD pair. It opened the doors for a sharp increase above $0.3200 and $0.3500. The price even surged above the 61.8% Fib retracement level of the main decline from the $0.5081 swing high to $0.1131 swing low. Ripple price settled above the $0.4000 resistance and spiked towards $0.5000. The price is now trading above the 76.4% Fib retracement level of the main decline from the $0.5081 swing high to $0.1131 swing low. Source: XRPUSD on TradingView.com The current weekly candle seems positive and it seems like there are chances of more upsides above $0.5000 and the $0.5080 swing high. The next target for the bulls could be $0.6000 level. Any further gains could open the doors for a rally towards the $0.7500 level. The 1.618 Fib extension level of the main decline from the $0.5081 swing high to $0.1131 swing low at $0.7522 could be the target of the bulls in the coming weeks. Dips Limited in XRP? If ripple fails to clear the $0.5000 and $0.5080 resistance levels, there could be a downside correction. The first key support is near the $0.4150 level. The next major support is near the $0.3550 level (a multi-touch zone), below which the price could drop towards the $0.3000 breakout zone and the 100-week simple moving average. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 70 level. Major Support Levels \u2013 $0.4150, $0.3850 and $0.3550. Major Resistance Levels \u2013 $0.5000, $0.5080 and $0.6000.<\/p>\n","protected":false},"author":67,"featured_media":450551,"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":[10972,78763],"class_list":["post-450549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCharted: Ripple (XRP) Weekly Chart Suggests Massive Breakout To $0.75<\/title>\n<meta name=\"description\" content=\"Ripple surged over 40% and it even broke $0.4500. 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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":"Charted: Ripple (XRP) Weekly Chart Suggests Massive Breakout To $0.75","url":"http:\/\/wncen.com\/news\/ripple\/ripple-xrp-massive-breakout-to-0-75\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/ripple-xrp-massive-breakout-to-0-75\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/shutterstock_753776053.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/shutterstock_753776053.jpg?fit=1000%2C691"},"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":["xrpusd","xrpusdt"],"dateCreated":"2020-11-23T07:28:39Z","datePublished":"2020-11-23T07:28:39Z","dateModified":"2024-06-11T07:57:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Charted: Ripple (XRP) Weekly Chart Suggests Massive Breakout To $0.75\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-xrp-massive-breakout-to-0-75\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-xrp-massive-breakout-to-0-75\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_753776053.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_753776053.jpg?fit=1000%2C691\"},\"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\":[\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2020-11-23T07:28:39Z\",\"datePublished\":\"2020-11-23T07:28:39Z\",\"dateModified\":\"2024-06-11T07:57:55Z\"}<\/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\/11\/shutterstock_753776053.jpg?fit=1000%2C691","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/450549","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=450549"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/450549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/450551"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=450549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=450549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=450549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}