{"id":377138,"date":"2019-04-04T05:00:19","date_gmt":"2019-04-04T05:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=377138"},"modified":"2024-06-11T13:15:25","modified_gmt":"2024-06-11T13:15:25","slug":"ripple-xrp-price-holding-crucial-support-likely-to-bounce-back","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-holding-crucial-support-likely-to-bounce-back\/","title":{"rendered":"Ripple (XRP) Price Holding Crucial Support & Likely To Bounce Back"},"content":{"rendered":"
Ripple price corrected lower sharply after a strong rise against the US Dollar and bitcoin<\/a>. XRP tested a crucial support area and it remains well bid on the downside above $0.3300.<\/em><\/p>\n There was a strong upward move above the $0.3480 resistance in ripple price against the US Dollar. The XRP\/USD pair surged above the $0.3500 and $0.3600 resistance levels. The price traded close to the $0.3750 resistance and settled well above the 100 hourly simple moving average. Later, there was a downside correction, but the $0.3480 support acted as a buy zone. There was a fresh increase, but the price failed again near the $0.3750 resistance area.<\/p>\n As a result, there was a sharp decline below the $0.3600 and $0.3480 support level. Moreover, yesterday\u2019s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP\/USD pair. The decline was such that the price even spiked below the $0.3400 level. It tested the $0.3280 support area and the 100 hourly simple moving average. A strong buying interest<\/a> emerged near $0.3280, resulting in a rebound above $0.3400. The price broke the 23.6% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low.<\/p>\n However, the previous key support near $0.3480 is currently acting as a strong resistance. The next key resistance is near the $0.3500-0.3510 area. Besides, the 50% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low is also near the $0.3510 level. Therefore, a break above the $0.3510 level is needed for buyers to regain control in the near term.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n