{"id":372055,"date":"2019-02-20T05:00:24","date_gmt":"2019-02-20T05:00:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=372055"},"modified":"2024-06-11T13:33:35","modified_gmt":"2024-06-11T13:33:35","slug":"ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/","title":{"rendered":"Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over"},"content":{"rendered":"<ul>\n<li>Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar.<\/li>\n<li>The price topped near the $0.3460 level and later started a sharp downside correction.<\/li>\n<li>Yesterday\u2019s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area.<\/li>\n<\/ul>\n<p><em>Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. XRP\/USD remains supported on the downside above $0.3100 and it could bounce back soon.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Yesterday, there was a <a href=\"https:\/\/uniquehot.com\/2019\/02\/19\/ripple-price-analysis-xrp-signaling-bullish-continuation\/\" target=\"_blank\" rel=\"noopener \">solid upward move<\/a> in ripple price above the $0.3200 resistance area against the US Dollar. The XRP\/USD pair gained traction and broke the $0.3300 and $0.3320 resistance levels. It even broke the $0.3400 resistance and spiked above the $0.3450 level. The price topped near the $0.3460 level and later started a sharp downside correction. It declined below the $0.3320 support and the 50% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. Sellers even pushed the price below the $0.3250 support area.<\/p>\n<p>However, the price found support near the $0.3160 level. The 61.8% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high also acted as a support. Moreover, yesterday\u2019s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP\/USD pair. Below the trend line, the next support is near the $0.3135 level. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. The main support is near the $0.3100 level and the 100 hourly simple moving average.<\/p>\n<p>Therefore, the price is likely to find a <a href=\"https:\/\/uniquehot.com\/2019\/02\/18\/ripple-price-analysis-xrp-likely-to-gain-bullish-momentum-above-0-3100\/\" target=\"_blank\" rel=\"noopener \">lot of buying interest<\/a> near the $0.3160, $0.3130 and $0.3100 supports. If there is a downside break below the $0.3100 support, the price might move back in a bearish zone. On the other hand, if the price stays above $0.3100, it could start a fresh upward move above $0.3300.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-372057\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/02\/Ripple-Price-15.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, ripple price remains well supported above the $0.3100 level. In the short term, there could be range moves, but the price is likely to climb higher once again above $0.3300. The main resistance is near the $0.3350 level, above which there are high chances of gains above $0.3400 in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly reducing its bearish slope.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is moving higher, but it is still below the 50 level.<\/p>\n<p>Major Support Level \u2013 $0.3100<\/p>\n<p>Major Resistance Level \u2013 $0.3350<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price gained traction and broke the $0.3400 resistance area before sellers appeared against the US dollar. The price topped near the $0.3460 level and later started a sharp downside correction. Yesterday\u2019s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price is likely preparing for a fresh upward move as long as it is above the $0.3100 support area. Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. XRP\/USD remains supported on the downside above $0.3100 and it could bounce back soon. Ripple Price Analysis Yesterday, there was a solid upward move in ripple price above the $0.3200 resistance area against the US Dollar. The XRP\/USD pair gained traction and broke the $0.3300 and $0.3320 resistance levels. It even broke the $0.3400 resistance and spiked above the $0.3450 level. The price topped near the $0.3460 level and later started a sharp downside correction. It declined below the $0.3320 support and the 50% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. Sellers even pushed the price below the $0.3250 support area. However, the price found support near the $0.3160 level. The 61.8% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high also acted as a support. Moreover, yesterday\u2019s highlighted major bullish trend line is intact with support near $0.3190 on the hourly chart of the XRP\/USD pair. Below the trend line, the next support is near the $0.3135 level. It coincides with the 76.4% Fib retracement level of the last wave from the $0.3036 low to $0.3459 high. The main support is near the $0.3100 level and the 100 hourly simple moving average. Therefore, the price is likely to find a lot of buying interest near the $0.3160, $0.3130 and $0.3100 supports. If there is a downside break below the $0.3100 support, the price might move back in a bearish zone. On the other hand, if the price stays above $0.3100, it could start a fresh upward move above $0.3300. Looking at the chart, ripple price remains well supported above the $0.3100 level. In the short term, there could be range moves, but the price is likely to climb higher once again above $0.3300. The main resistance is near the $0.3350 level, above which there are high chances of gains above $0.3400 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly reducing its bearish slope. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is moving higher, but it is still below the 50 level. Major Support Level \u2013 $0.3100 Major Resistance Level \u2013 $0.3350<\/p>\n","protected":false},"author":67,"featured_media":328926,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-372055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over<\/title>\n<meta name=\"description\" content=\"Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. 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XRP\/USD remains supported on the downside above $0.3100 and it could bounce back soon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-20T05:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:33:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over\",\"datePublished\":\"2019-02-20T05:00:24+00:00\",\"dateModified\":\"2024-06-11T13:33:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/\"},\"wordCount\":429,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/\",\"name\":\"Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-xrp3.jpg?fit=1200%2C600\",\"datePublished\":\"2019-02-20T05:00:24+00:00\",\"dateModified\":\"2024-06-11T13:33:35+00:00\",\"description\":\"Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. 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XRP\/USD remains supported on the downside above $0.3100 and it could bounce back soon.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ripple-price-analysis-xrp-rally-unwinds-but-not-likely-over\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Price Analysis: XRP Rally Unwinds But Not Likely Over","og_description":"Ripple price rallied sharply before trimming most of its gains against the US Dollar and bitcoin. 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