{"id":409918,"date":"2020-01-07T05:00:09","date_gmt":"2020-01-07T05:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=409918"},"modified":"2024-06-11T13:14:45","modified_gmt":"2024-06-11T13:14:45","slug":"ripple-xrp-lift-off-to-0-2320","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/","title":{"rendered":"Ripple (XRP) Gearing For Another Lift-Off to $0.24: Rally Isn&#8217;t Over Yet"},"content":{"rendered":"<p><em>Ripple rallied more than 15% after it broke the key $0.2000 resistance against the US Dollar. XRP bulls now aim $0.2320 or $0.2400, considering the current market sentiment for bitcoin.<\/em><\/p>\n<ul>\n<li>Ripple price surged above the $0.2000 and $0.2120 resistance levels against the US dollar.<\/li>\n<li>Bitcoin also gained more than 5% and tested the main $8,000 resistance.<\/li>\n<li>There was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The first bullish target of $0.2120 was achieved and now the bulls seem to eye a test of $0.2320.<\/li>\n<\/ul>\n<h2>Ripple Price Rally Is Likely Not Over<\/h2>\n<p>Yesterday, we discussed the <a href=\"https:\/\/uniquehot.com\/2020\/01\/06\/ripple-primed-for-crucial-bullish\/\" target=\"_blank\" rel=\"noopener noreferrer \">chances of a massive pump in ripple<\/a> towards $0.2100 against the US Dollar. XRP did break the $0.2000 resistance and rallied more than 15%.<\/p>\n<p>More importantly, it broke many hurdles on the way up, including $0.2050 and $0.2120. Besides, there was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP\/USD pair.<\/p>\n<p>The price surged above the 61.8% Fib retracement level of the key downward move from the $0.2326 high to $0.1743 low. Finally, the price tested the $0.2250 resistance and it is currently consolidating gains.<\/p>\n<p>It seems like the <a href=\"https:\/\/uniquehot.com\/2020\/01\/06\/bitcoin-bulls-need-to-be-cautious-btc-price\/\" target=\"_blank\" rel=\"noopener noreferrer \">recent upsurge in bitcoin towards the $8,000 resistance<\/a> stalled gains in ripple. However, the price is now trading above the 76.4% Fib retracement level of the key downward move from the $0.2326 high to $0.1743 low.<\/p>\n<p>Therefore, there are high chances of another push towards the $0.2320 resistance area (Dec 2019 swing high). If the bulls succeed in pushing the price above $0.2320, the final target could be $0.2400 in the near term.<\/p>\n<h2>Resistance Turned Support for XRP<\/h2>\n<p>If there is a downside correction, ripple remains well supported near the $0.2150 level. The first key support is near the $0.2100 area (the recent breakout resistance zone).<\/p>\n<p>The main support for the current uptrend is near the $0.2000 area, which acted as a strong resistance in the past few weeks.<\/p>\n<figure id=\"attachment_409919\" aria-describedby=\"caption-attachment-409919\" style=\"width: 1828px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409919\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?resize=1828%2C868\" alt=\"Ripple (XRP)\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/Ripple-XRP.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-409919\" class=\"wp-caption-text\">Ripple (XRP) 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 likely to continue higher towards the $0.2320 resistance area in the coming days. However, a convincing break and follow through above $0.2320 might be difficult unless bitcoin rallies above $10,000.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting lower from 85.<\/p>\n<p>Major Support Levels \u2013 $0.2150, $0.2100 and $0.2000.<\/p>\n<p>Major Resistance Levels \u2013 $0.2250, $0.2320 and $0.2400.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple rallied more than 15% after it broke the key $0.2000 resistance against the US Dollar. XRP bulls now aim $0.2320 or $0.2400, considering the current market sentiment for bitcoin. Ripple price surged above the $0.2000 and $0.2120 resistance levels against the US dollar. Bitcoin also gained more than 5% and tested the main $8,000 resistance. There was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The first bullish target of $0.2120 was achieved and now the bulls seem to eye a test of $0.2320. Ripple Price Rally Is Likely Not Over Yesterday, we discussed the chances of a massive pump in ripple towards $0.2100 against the US Dollar. XRP did break the $0.2000 resistance and rallied more than 15%. More importantly, it broke many hurdles on the way up, including $0.2050 and $0.2120. Besides, there was a break above a major bearish trend line with resistance near $0.1985 on the 4-hours chart of the XRP\/USD pair. The price surged above the 61.8% Fib retracement level of the key downward move from the $0.2326 high to $0.1743 low. Finally, the price tested the $0.2250 resistance and it is currently consolidating gains. It seems like the recent upsurge in bitcoin towards the $8,000 resistance stalled gains in ripple. However, the price is now trading above the 76.4% Fib retracement level of the key downward move from the $0.2326 high to $0.1743 low. Therefore, there are high chances of another push towards the $0.2320 resistance area (Dec 2019 swing high). If the bulls succeed in pushing the price above $0.2320, the final target could be $0.2400 in the near term. Resistance Turned Support for XRP If there is a downside correction, ripple remains well supported near the $0.2150 level. The first key support is near the $0.2100 area (the recent breakout resistance zone). The main support for the current uptrend is near the $0.2000 area, which acted as a strong resistance in the past few weeks. Looking at the chart, ripple price is likely to continue higher towards the $0.2320 resistance area in the coming days. However, a convincing break and follow through above $0.2320 might be difficult unless bitcoin rallies above $10,000. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently correcting lower from 85. Major Support Levels \u2013 $0.2150, $0.2100 and $0.2000. Major Resistance Levels \u2013 $0.2250, $0.2320 and $0.2400.<\/p>\n","protected":false},"author":67,"featured_media":409920,"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-409918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Gearing For Another Lift-Off to $0.24: Rally Isn&#039;t Over Yet<\/title>\n<meta name=\"description\" content=\"Ripple rallied15% after it broke the key $0.2000 resistance against the US Dollar. 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XRP bulls now aim $0.2320 or $0.2400, due to current market sentiment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/\" \/>\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=\"2020-01-07T05:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:14:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/shutterstock_448505836.jpg?fit=1000%2C798\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\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-lift-off-to-0-2320\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Gearing For Another Lift-Off to $0.24: Rally Isn&#8217;t Over Yet\",\"datePublished\":\"2020-01-07T05:00:09+00:00\",\"dateModified\":\"2024-06-11T13:14:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/\"},\"wordCount\":405,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/shutterstock_448505836.jpg?fit=1000%2C798\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/\",\"name\":\"Ripple (XRP) Gearing For Another Lift-Off to $0.24: Rally Isn't Over Yet\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-lift-off-to-0-2320\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/01\/shutterstock_448505836.jpg?fit=1000%2C798\",\"datePublished\":\"2020-01-07T05:00:09+00:00\",\"dateModified\":\"2024-06-11T13:14:45+00:00\",\"description\":\"Ripple rallied15% after it broke the key $0.2000 resistance against the US Dollar. 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