{"id":389368,"date":"2019-07-10T04:08:21","date_gmt":"2019-07-10T04:08:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=389368"},"modified":"2024-06-11T13:45:16","modified_gmt":"2024-06-11T13:45:16","slug":"bitcoin-is-surging-while-ripple-price-xrp-price-remains-vulnerable","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-is-surging-while-ripple-price-xrp-price-remains-vulnerable\/","title":{"rendered":"Bitcoin Is Surging While Ripple Price (XRP) Price Remains Vulnerable"},"content":{"rendered":"<ul>\n<li>Ripple price failed to break the $0.4080 and $0.4100 resistance levels against the US dollar.<\/li>\n<li>The price declined recently and broke the key $0.4020 and $0.4000 support levels.<\/li>\n<li>This week\u2019s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The price is now trading well below $0.4000 and it may continue to struggle in the near term.<\/li>\n<\/ul>\n<p><em>Ripple price is struggling to continue higher above $0.4100 against the US Dollar, and declined heavily vs <a href=\"https:\/\/uniquehot.com\/2019\/07\/09\/crypto-market-and-bitcoin-starts-fresh-rally-bch-bnb-eos-trx-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP price could revisit the $0.3850 support before a decent recovery.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>In the past two sessions, <a href=\"https:\/\/uniquehot.com\/2019\/07\/09\/bitcoin-btc-price-surges-12-bulls-aim-13k-or-13-2k\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin price extended gains above $12,800 and $13,000<\/a>. However, ripple price failed to break the $0.4080 and $0.4100 resistance levels. The last swing high was near the $0.4078 and recently the price declined below the $0.4040 support. Moreover, there was a break below key $0.4020 and $0.4000 support levels. The price even spiked below the $0.3920 support and the 100 hourly simple moving average.<\/p>\n<p>More importantly, this week\u2019s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP\/USD pair. The pair traded as low as $0.3903 and it is currently correcting higher. It broke the $0.3940 level plus the 23.6% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low.<\/p>\n<p>On the upside, there are a few important resistances formed near the $0.3990 and $0.4000 levels. Moreover, the 50% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low is near the $0.3990 level to act as a resistance. There is also a connecting bearish trend line forming with resistance near $0.4000 on the same chart for ripple.<\/p>\n<p>Therefore, a successful close above the $0.3900 and $0.4000 levels is needed for a fresh recovery. However, the price may continue to struggle near the $0.4080 and $0.4100 resistance levels. A convincing break above the $0.4100 level is needed for a sharp recovery in the coming sessions.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389369\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/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\/07\/Ripple-Price-7.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Ripple-Price-7.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price seems to be facing many hurdles on the upside such as $0.4000, $0.4080 and $0.4100. Therefore, as long as the price is below $0.4100, there is a risk of more losses. An immediate support is near $0.3850, below which the price may revisit the main $0.3750 support level.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is likely to move back in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level, with a bearish angle.<\/p>\n<p>Major Support Levels \u2013 $0.3900, $0.3850 and $0.3750.<\/p>\n<p>Major Resistance Levels \u2013 $0.4000, $0.4080 and $0.4100.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price failed to break the $0.4080 and $0.4100 resistance levels against the US dollar. The price declined recently and broke the key $0.4020 and $0.4000 support levels. This week\u2019s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP\/USD pair (data source from Kraken). The price is now trading well below $0.4000 and it may continue to struggle in the near term. Ripple price is struggling to continue higher above $0.4100 against the US Dollar, and declined heavily vs bitcoin. XRP price could revisit the $0.3850 support before a decent recovery. Ripple Price Analysis In the past two sessions, bitcoin price extended gains above $12,800 and $13,000. However, ripple price failed to break the $0.4080 and $0.4100 resistance levels. The last swing high was near the $0.4078 and recently the price declined below the $0.4040 support. Moreover, there was a break below key $0.4020 and $0.4000 support levels. The price even spiked below the $0.3920 support and the 100 hourly simple moving average. More importantly, this week\u2019s followed key bullish trend line was breached with support near $0.4015 on the hourly chart of the XRP\/USD pair. The pair traded as low as $0.3903 and it is currently correcting higher. It broke the $0.3940 level plus the 23.6% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low. On the upside, there are a few important resistances formed near the $0.3990 and $0.4000 levels. Moreover, the 50% Fib retracement level of the recent decline from the $0.4078 swing high to $0.3903 low is near the $0.3990 level to act as a resistance. There is also a connecting bearish trend line forming with resistance near $0.4000 on the same chart for ripple. Therefore, a successful close above the $0.3900 and $0.4000 levels is needed for a fresh recovery. However, the price may continue to struggle near the $0.4080 and $0.4100 resistance levels. A convincing break above the $0.4100 level is needed for a sharp recovery in the coming sessions. Looking at the chart, ripple price seems to be facing many hurdles on the upside such as $0.4000, $0.4080 and $0.4100. Therefore, as long as the price is below $0.4100, there is a risk of more losses. An immediate support is near $0.3850, below which the price may revisit the main $0.3750 support level. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is likely to move back in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level, with a bearish angle. Major Support Levels \u2013 $0.3900, $0.3850 and $0.3750. Major Resistance Levels \u2013 $0.4000, $0.4080 and $0.4100.<\/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-389368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Bitcoin Is Surging While Ripple Price (XRP) Price Remains Vulnerable<\/title>\n<meta name=\"description\" content=\"Ripple price is struggling to continue higher above $0.4100 against the US Dollar, and declined heavily vs bitcoin. 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XRP price could revisit the $0.3850 support before a decent recovery.","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\/bitcoin-is-surging-while-ripple-price-xrp-price-remains-vulnerable\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Is Surging While Ripple Price (XRP) Price Remains Vulnerable","og_description":"Ripple price is struggling to continue higher above $0.4100 against the US Dollar, and declined heavily vs bitcoin. 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