{"id":381547,"date":"2019-05-10T04:08:11","date_gmt":"2019-05-10T04:08:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381547"},"modified":"2024-06-11T13:15:00","modified_gmt":"2024-06-11T13:15:00","slug":"ripple-xrp-price-bleed-bitcoin-price-surge","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/","title":{"rendered":"Ripple (XRP) Price Could Bleed Despite Bitcoin Price Surge"},"content":{"rendered":"<ul>\n<li>Ripple price remained in a bearish zone and failed to recover above $0.2980 against the US dollar.<\/li>\n<li>The price is currently trading near the $0.2910 support and remains at a risk of more losses.<\/li>\n<li>This week\u2019s highlighted bearish trend line is still intact with resistance near $0.2950 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is currently under pressure and it could spike below the $0.2900 support before a fresh increase.<\/li>\n<\/ul>\n<p><em>Ripple price is struggling to start a rebound against the US Dollar and declined versus <a href=\"https:\/\/uniquehot.com\/2019\/05\/09\/bitcoin-btc-price-rally-reaching-crucial-juncture\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP must break the $0.2950 and $0.2980 resistance levels to start a strong upward move.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>Recently, there was an upward move from the $0.2910 support area in ripple price against the US Dollar. The XRP\/USD pair traded above the $0.2950 and $0.2960 resistance levels. The price even tested the $0.3000 level, but it failed to retain gains. As a result, there was a fresh decline below the $0.2980 level and the 100 hourly simple moving average. There was a clear failed attempt near $0.3000 and the price is currently trading well below the $0.2950 level.<\/p>\n<p>It traded to a new weekly low at $0.2901 and it <a href=\"https:\/\/uniquehot.com\/2019\/05\/09\/ripple-xrp-price-break-higher-btc-eth-surging\/\" target=\"_blank\" rel=\"noopener noreferrer \">remains at a risk of more losses<\/a>. Recently, there were a couple of swing moves above the 23.6% Fib retracement level of the last drop from the $0.2996 high to $0.2901 low. However, the broken support near the $0.2950 level acted as a resistance. Besides, the 50% Fib retracement level of the last drop from the $0.2996 high to $0.2901 low capped the upward move. More importantly, this week\u2019s highlighted bearish trend line is still intact with resistance near $0.2950 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>Therefore, there is a strong resistance formed near the $0.2950 and $0.2960 levels. The next resistance is near the $0.2980 level and the 100 hourly SMA. A successful close above the $0.2980 and $0.3000 levels is must for the bulls to gain traction. Above $0.3000, the main resistance is near the $0.3080 level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381548\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/Ripple-Price-7.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 noreferrer nofollow\">chart<\/a>, ripple price is clearly struggling to gain traction above $0.3000 despite strong bullish moves in <a href=\"https:\/\/uniquehot.com\/2019\/05\/09\/crypto-market-bitcoin-cruising-bch-litecoin-trx-xlm-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> above $6,200. Therefore, there is a risk of more losses below the $0.2910 and $0.2900 support levels in the near term. The next important support for the bulls could be $0.2850 (the previous swing low).<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is about to move back in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level, with a bearish bias.<\/p>\n<p>Major Support Levels \u2013 $0.2910, $0.2900 and $0.2850.<\/p>\n<p>Major Resistance Levels \u2013 $0.2950, $0.2980 and $0.3000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price remained in a bearish zone and failed to recover above $0.2980 against the US dollar. The price is currently trading near the $0.2910 support and remains at a risk of more losses. This week\u2019s highlighted bearish trend line is still intact with resistance near $0.2950 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is currently under pressure and it could spike below the $0.2900 support before a fresh increase. Ripple price is struggling to start a rebound against the US Dollar and declined versus bitcoin. XRP must break the $0.2950 and $0.2980 resistance levels to start a strong upward move. Ripple Price Analysis Recently, there was an upward move from the $0.2910 support area in ripple price against the US Dollar. The XRP\/USD pair traded above the $0.2950 and $0.2960 resistance levels. The price even tested the $0.3000 level, but it failed to retain gains. As a result, there was a fresh decline below the $0.2980 level and the 100 hourly simple moving average. There was a clear failed attempt near $0.3000 and the price is currently trading well below the $0.2950 level. It traded to a new weekly low at $0.2901 and it remains at a risk of more losses. Recently, there were a couple of swing moves above the 23.6% Fib retracement level of the last drop from the $0.2996 high to $0.2901 low. However, the broken support near the $0.2950 level acted as a resistance. Besides, the 50% Fib retracement level of the last drop from the $0.2996 high to $0.2901 low capped the upward move. More importantly, this week\u2019s highlighted bearish trend line is still intact with resistance near $0.2950 on the hourly chart of the XRP\/USD pair. Therefore, there is a strong resistance formed near the $0.2950 and $0.2960 levels. The next resistance is near the $0.2980 level and the 100 hourly SMA. A successful close above the $0.2980 and $0.3000 levels is must for the bulls to gain traction. Above $0.3000, the main resistance is near the $0.3080 level. Looking at the chart, ripple price is clearly struggling to gain traction above $0.3000 despite strong bullish moves in bitcoin above $6,200. Therefore, there is a risk of more losses below the $0.2910 and $0.2900 support levels in the near term. The next important support for the bulls could be $0.2850 (the previous swing low). Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is about to move back in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well below the 50 level, with a bearish bias. Major Support Levels \u2013 $0.2910, $0.2900 and $0.2850. Major Resistance Levels \u2013 $0.2950, $0.2980 and $0.3000.<\/p>\n","protected":false},"author":67,"featured_media":165987,"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-381547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Could Bleed Despite Bitcoin Price Surge<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to start a rebound against the US Dollar and declined versus bitcoin. 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XRP must break the $0.2950 and $0.2980 resistance levels to start a strong upward move.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/\" \/>\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=\"2019-05-10T04:08:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis5.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\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-xrp-price-bleed-bitcoin-price-surge\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Could Bleed Despite Bitcoin Price Surge\",\"datePublished\":\"2019-05-10T04:08:11+00:00\",\"dateModified\":\"2024-06-11T13:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/\"},\"wordCount\":422,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis5.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/\",\"name\":\"Ripple (XRP) Price Could Bleed Despite Bitcoin Price Surge\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bleed-bitcoin-price-surge\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis5.jpg?fit=1200%2C741\",\"datePublished\":\"2019-05-10T04:08:11+00:00\",\"dateModified\":\"2024-06-11T13:15:00+00:00\",\"description\":\"Ripple price is struggling to start a rebound against the US Dollar and declined versus bitcoin. 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