{"id":455851,"date":"2021-02-03T07:18:16","date_gmt":"2021-02-03T07:18:16","guid":{"rendered":"https:\/\/wncen.com\/?p=455851"},"modified":"2024-06-11T07:57:46","modified_gmt":"2024-06-11T07:57:46","slug":"ripple-xrp-holding-key-support-0-35","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-xrp-holding-key-support-0-35\/","title":{"rendered":"Charted: Ripple (XRP) Holding Key Support, Why It Could Rally Again To $0.45"},"content":{"rendered":"
Ripple corrected gains from well above $0.5000 against the US Dollar. XRP price is holding the key $0.3400 support, and it is likely to resume higher towards $0.4200 and $0.4400.<\/em><\/p>\n After a clear break above $0.3200, ripple\u2019s XRP price started a strong increase<\/a>. There was a clear break above the $0.4000 resistance zone and the $0.5000 level.<\/p>\n The price even spiked above $0.5200 and settled above the 100-day simple moving average. However, the bulls failed to clear the $0.5500 resistance area. A high was formed near $0.5343 before starting a fresh decline.<\/p>\n There was a break below the $0.4200 and $0.4000 support levels. The price even declined below the 50% Fib retracement level of the upward move from the $0.2456 swing low to $0.5343 high. The price is still holding the $0.3400 support zone and the 100-day simple moving average.<\/p>\n <\/a><\/p>\n The 61.8% Fib retracement level of the upward move from the $0.2456 swing low to $0.5343 high is also acting as a support. On the upside, the price is facing hurdles near $0.4000. There is also a major bearish trend line forming with resistance near $0.4650 on the daily chart of the XRP\/USD pair.<\/p>\n It seems like the price is likely to revisit the $0.4400 and $0.4500 resistance levels as long as there is no break below $0.3200.<\/p>\n If ripple fails to start a decent increase, it could find support near the $0.3680 and $0.3600. The first major support is near the $0.3550 level.<\/p>\n\n
Ripple\u2019s XRP Price Could Rally Again<\/h2>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Downsides Limited in XRP?<\/h2>\n