{"id":381409,"date":"2019-05-09T04:08:30","date_gmt":"2019-05-09T04:08:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381409"},"modified":"2024-06-11T13:15:05","modified_gmt":"2024-06-11T13:15:05","slug":"ripple-xrp-price-break-higher-btc-eth-surging","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-break-higher-btc-eth-surging\/","title":{"rendered":"Ripple (XRP) Price Poised To Break Higher: BTC, ETH Surging"},"content":{"rendered":"
Ripple price is slowly recovering higher against the US Dollar, while bitcoin<\/a> and Ethereum<\/a> gain traction. XRP is likely to accelerate once it clears the key $0.3000 resistance level in the near term.<\/em><\/p>\n Yesterday, there was a downside extension in ripple price below the $0.3000 support against the US Dollar. The XRP\/USD pair even broke the $0.2950 support level and traded as low as $0.2912. There was a close below the $0.2950 level and the 100 hourly simple moving average. However, the price found support near $0.2910 and $0.2920. Besides, the recent rise in bitcoin<\/a> price helped altcoins in staging a decent comeback.<\/p>\n XRP price recovered above the $0.2950 resistance, and the 23.6% Fib retracement level of the last slide from the $0.3064 high to $0.2912 low. It even climbed above the $0.2980 level and the 100 hourly SMA. At the moment, yesterday\u2019s highlighted bearish trend line is about to give way with resistance near $0.2988 on the hourly chart of the XRP\/USD pair. The 50% Fib retracement level of the last slide<\/a> from the $0.3064 high to $0.2912 low is also acting as a resistance. Once there is a proper break above the $0.2988 and $0.3000 resistances, there could be more gains. The next key resistance is at $0.3020, above which the price could retest the $0.3050 resistance.<\/p>\n On the other hand, if there is no upside break above $0.3000, the price might drop back towards $0.2950. If the bulls fail to defend the $0.2950 support, there could be a sharp drop back towards the $0.2910 level. Any further losses could accelerate declines below the $0.2900 support level.<\/p>\n <\/p>\nRipple Price Analysis<\/h2>\n