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{"id":461825,"date":"2021-04-21T07:08:25","date_gmt":"2021-04-21T07:08:25","guid":{"rendered":"https:\/\/wncen.com\/?p=461825"},"modified":"2024-06-11T07:57:38","modified_gmt":"2024-06-11T07:57:38","slug":"ripple-xrp-could-rally-1-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripple-xrp-could-rally-1-50\/","title":{"rendered":"Charted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance"},"content":{"rendered":"

Ripple formed a support base above $1.16 and it is now rising against the US Dollar. XRP price could start a strong increase if it clears the main $1.50 resistance zone.<\/em><\/p>\n

\n
Ripple is showing positive signs above the $1.20 and $1.30 resistance levels against the US dollar.<\/li>\n
The price is now trading well above $1.3500 and the 100 simple moving average (4-hours).<\/li>\n
There is a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to start a fresh rally if it clears the $1.500 resistance zone.<\/li>\n<\/ul>\n
Ripple\u2019s XRP Price Eyes Fresh Rally<\/h2>\n
This past week, ripple\u2019s XRP started a downside correction from well above $1.65. XRP extended its decline below the key $1.50 support, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n
It opened the doors for a nasty spike below the $1.20 support. However, the bulls were active above the $1.15 level. A low is formed near $1.162 and the price is now rising. It broke the $1.25 and $1.30 resistance levels.<\/p>\n
There was a break above the 23.6% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low. It is now trading well above $1.3500 and the 100 simple moving average (4-hours). There is also a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP\/USD pair.<\/p>\n
$\"Ripple\u2019s$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
The triangle resistance near $1.50 holds the key. The next hurdle could be $1.56. It is near the 50% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low.<\/p>\n
A successful break above the triangle resistance and then $1.56 could set the pace for a fresh surge. In this case, the price could even rally above the $1.65 and $1.70 levels.<\/p>\n
Dips Limited in XRP?<\/h2>\n
If ripple fails to clear the $1.5000 resistance or $1.560, it could correct further lower. An initial support on the downside is near the $1.3200 level and the 100 SMA.<\/p>\n
The next major support is near the $1.28 level and the triangle lower trend line. Any more losses might call for a drop towards the $1.15 support zone in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is slowly gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $1.32, $1.28 and $1.15.<\/p>\n
Major Resistance Levels \u2013 $1.50, $1.56 and $1.65.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple formed a support base above $1.16 and it is now rising against the US Dollar. XRP price could start a strong increase if it clears the main $1.50 resistance zone. Ripple is showing positive signs above the $1.20 and $1.30 resistance levels against the US dollar. The price is now trading well above $1.3500 and the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely to start a fresh rally if it clears the $1.500 resistance zone. Ripple\u2019s XRP Price Eyes Fresh Rally This past week, ripple\u2019s XRP started a downside correction from well above $1.65. XRP extended its decline below the key $1.50 support, similar to bitcoin and ethereum. It opened the doors for a nasty spike below the $1.20 support. However, the bulls were active above the $1.15 level. A low is formed near $1.162 and the price is now rising. It broke the $1.25 and $1.30 resistance levels. There was a break above the 23.6% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low. It is now trading well above $1.3500 and the 100 simple moving average (4-hours). There is also a major contracting triangle forming with resistance near $1.50 on the 4-hours chart of the XRP\/USD pair. Source: XRPUSD on TradingView.com The triangle resistance near $1.50 holds the key. The next hurdle could be $1.56. It is near the 50% Fib retracement level of the downward move from the $1.97 high to $1.162 swing low. A successful break above the triangle resistance and then $1.56 could set the pace for a fresh surge. In this case, the price could even rally above the $1.65 and $1.70 levels. Dips Limited in XRP? If ripple fails to clear the $1.5000 resistance or $1.560, it could correct further lower. An initial support on the downside is near the $1.3200 level and the 100 SMA. The next major support is near the $1.28 level and the triangle lower trend line. Any more losses might call for a drop towards the $1.15 support zone in the coming sessions. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is slowly gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level. Major Support Levels \u2013 $1.32, $1.28 and $1.15. Major Resistance Levels \u2013 $1.50, $1.56 and $1.65.<\/p>\n","protected":false},"author":67,"featured_media":461827,"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":[74937,10972,78763],"class_list":["post-461825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCharted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance<\/title>\n<meta name=\"description\" content=\"Ripple formed a support base above $1.16 and it is now rising 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":"Charted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance","url":"http:\/\/wncen.com\/news\/ripple\/ripple-xrp-could-rally-1-50\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/ripple-xrp-could-rally-1-50\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1100038610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/shutterstock_1100038610.jpg?fit=1827%2C1080"},"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":["xrpbtc","xrpusd","xrpusdt"],"dateCreated":"2021-04-21T07:08:25Z","datePublished":"2021-04-21T07:08:25Z","dateModified":"2024-06-11T07:57:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Charted: Ripple (XRP) Could Rally Significantly If It Clears This Key Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-xrp-could-rally-1-50\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/ripple-xrp-could-rally-1-50\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1100038610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/shutterstock_1100038610.jpg?fit=1827%2C1080\"},\"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\":[\"xrpbtc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2021-04-21T07:08:25Z\",\"datePublished\":\"2021-04-21T07:08:25Z\",\"dateModified\":\"2024-06-11T07:57:38Z\"}<\/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\/2021\/04\/shutterstock_1100038610.jpg?fit=1827%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/461825"}],"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=461825"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/461825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/461827"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=461825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=461825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=461825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}