{"id":405651,"date":"2019-11-28T04:28:07","date_gmt":"2019-11-28T04:28:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=405651"},"modified":"2024-06-11T13:34:36","modified_gmt":"2024-06-11T13:34:36","slug":"ripple-xrp-price-defies-gravity-looks-to-trade-higher","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-defies-gravity-looks-to-trade-higher\/","title":{"rendered":"Ripple (XRP) Price Defies Gravity, Looks To Trade Higher"},"content":{"rendered":"<ul>\n<li>Ripple price is trading nicely above the $0.2200 and $0.2180 support levels against the US dollar.<\/li>\n<li>The price is likely to accelerate gains if it breaks the $0.2300 resistance area.<\/li>\n<li>There is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The main hurdles on the upside for the bulls are near $0.2300 and $0.2350.<\/li>\n<\/ul>\n<p><em>Ripple is gaining bullish momentum above $0.2200 against the US Dollar, similar to <a href=\"https:\/\/uniquehot.com\/2019\/11\/27\/bitcoin-btc-hesitates-but-further-recovery-above-7-2k-seem-likely\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a> above $7,000. XRP price is likely to accelerate gains above $0.2300 and $0.2320.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>After forming a support base above $0.2000, ripple started a decent upward move against the US Dollar. XRP price broke a couple of key resistances near the $0.2100 and $0.2150 levels.<\/p>\n<p>Finally, it managed to climb above the $0.2180 resistance and the 100 hourly simple moving average. Therefore, it opened the doors for more upsides above the <a href=\"https:\/\/uniquehot.com\/2019\/11\/27\/ripple-xrp-price-primed-for-gains-until-this-changes\/\" target=\"_blank\" rel=\"noopener noreferrer \">$0.2200 resistance<\/a>. The recent recovery was such that the price even climbed above the $0.2250 resistance.<\/p>\n<p>The price traded as high as $0.2301 and it is currently correcting gains. Additionally, it traded below the 23.6% Fib retracement level of the upward wave from the $0.2127 low to $0.2301 high.<\/p>\n<p>On the downside, there are many supports near the $0.2200 level and the 100 hourly simple moving average. Moreover, there is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP\/USD pair.<\/p>\n<p>The 50% Fib retracement level of the upward wave from the $0.2127 low to $0.2301 high is also near the 100 hourly SMA to provide support. If there is a downside break below the trend line, ripple may possibly retest the $0.2140 and $0.2130 support levels.<\/p>\n<p>Any further losses could push the price back into a bearish zone below the $0.2100 support. The next major support is near the recent monthly low of $0.2000.<\/p>\n<p>On the upside, an initial resistance is near the $0.2300 level. A successful break above the $0.2300 hurdle is likely to lead the price towards the $0.2350 resistance. The final target for the current recovery could be near the $0.2380 level.<\/p>\n<figure id=\"attachment_405652\" aria-describedby=\"caption-attachment-405652\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-405652\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?resize=1828%2C868\" alt=\"Ripple Price\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/11\/Ripple-Price-19.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-405652\" class=\"wp-caption-text\">Ripple Price<\/figcaption><\/figure>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price is trading above a couple of key supports near $0.2200 and $0.2180. As long as there is no close below $0.2180, the price is likely to climb above $0.2300 and $0.2350 in the near term.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back into the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level, with positive signs.<\/p>\n<p>Major Support Levels \u2013 $0.2200, $0.2180 and $0.2140.<\/p>\n<p>Major Resistance Levels \u2013 $0.2300, $0.2350 and $0.2380.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is trading nicely above the $0.2200 and $0.2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0.2300 resistance area. There is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP\/USD pair (data source from Kraken). The main hurdles on the upside for the bulls are near $0.2300 and $0.2350. Ripple is gaining bullish momentum above $0.2200 against the US Dollar, similar to bitcoin above $7,000. XRP price is likely to accelerate gains above $0.2300 and $0.2320. Ripple Price Analysis After forming a support base above $0.2000, ripple started a decent upward move against the US Dollar. XRP price broke a couple of key resistances near the $0.2100 and $0.2150 levels. Finally, it managed to climb above the $0.2180 resistance and the 100 hourly simple moving average. Therefore, it opened the doors for more upsides above the $0.2200 resistance. The recent recovery was such that the price even climbed above the $0.2250 resistance. The price traded as high as $0.2301 and it is currently correcting gains. Additionally, it traded below the 23.6% Fib retracement level of the upward wave from the $0.2127 low to $0.2301 high. On the downside, there are many supports near the $0.2200 level and the 100 hourly simple moving average. Moreover, there is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP\/USD pair. The 50% Fib retracement level of the upward wave from the $0.2127 low to $0.2301 high is also near the 100 hourly SMA to provide support. If there is a downside break below the trend line, ripple may possibly retest the $0.2140 and $0.2130 support levels. Any further losses could push the price back into a bearish zone below the $0.2100 support. The next major support is near the recent monthly low of $0.2000. On the upside, an initial resistance is near the $0.2300 level. A successful break above the $0.2300 hurdle is likely to lead the price towards the $0.2350 resistance. The final target for the current recovery could be near the $0.2380 level. Looking at the chart, ripple price is trading above a couple of key supports near $0.2200 and $0.2180. As long as there is no close below $0.2180, the price is likely to climb above $0.2300 and $0.2350 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving back into the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level, with positive signs. Major Support Levels \u2013 $0.2200, $0.2180 and $0.2140. Major Resistance Levels \u2013 $0.2300, $0.2350 and $0.2380.<\/p>\n","protected":false},"author":67,"featured_media":163433,"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-405651","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 Defies Gravity, Looks To Trade Higher<\/title>\n<meta name=\"description\" content=\"Ripple is gaining bullish momentum above $0.2200 against the US Dollar, similar to bitcoin above $7,000. 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XRP price is likely to accelerate gains above $0.2300 and $0.2320.","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-xrp-price-defies-gravity-looks-to-trade-higher\/","og_locale":"en_US","og_type":"article","og_title":"Ripple (XRP) Price Defies Gravity, Looks To Trade Higher","og_description":"Ripple is gaining bullish momentum above $0.2200 against the US Dollar, similar to bitcoin above $7,000. 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