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{"id":421966,"date":"2020-04-27T05:58:05","date_gmt":"2020-04-27T05:58:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=421966"},"modified":"2024-06-11T13:47:59","modified_gmt":"2024-06-11T13:47:59","slug":"ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance\/","title":{"rendered":"Ripple (XRP) Bulls Aim Big After Recent Close Above Key Resistance"},"content":{"rendered":"

Ripple is trading nicely in a bullish zone above $0.1950 against the US Dollar. XRP price is likely to accelerate higher above the $0.2000 and $0.2020 resistance levels.<\/em><\/p>\n

\n
Ripple price is showing signs of more upsides above $0.2000 against the US dollar.<\/li>\n
A key support is forming near the $0.1920 pivot level.<\/li>\n
There is a major bullish trend line forming with support near $0.1955 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to continue higher above $0.2000 as long as it is trading above the $0.1920 pivot level.<\/li>\n<\/ul>\n
Ripple Price Could Rally Further<\/h2>\n
After forming a strong support base above $0.1900 and $0.1920, ripple started a fresh increase. XRP price broke a key resistance near the $0.1950 level to move further into a positive zone.<\/p>\n
There was also a break above the $0.1980 weekly resistance area. Ripple settled nicely in a positive zone above the 100 hourly simple moving average, similar to bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
A new weekly high is formed near $0.1997 and the price is currently consolidating gains. It tested the 23.6% Fib retracement level of the recent rise from the $0.1922 low to $0.1997 high.<\/p>\n
The first major support is near the $0.1965 level (the recent breakout zone). The next major support is seen near the $0.1955 level. Besides, there is a major bullish trend line forming with support near $0.1955 on the hourly chart<\/a> of the XRP\/USD pair.<\/p>\n
$\"Ripple$ <\/a>
Ripple Price<\/figcaption><\/figure>\n
The trend line is close to the 50% Fib retracement level of the recent rise from the $0.1922 low to $0.1997 high. On the upside, an immediate resistance for the bulls is near the $0.2000 level.<\/p>\n
A successful break and follow through above the $0.2000 level could start a strong rise<\/a>. The next immediate resistance is near the $0.2050 level, above which the price might rally towards the $0.2120 level.<\/p>\n
Dips Limited<\/h2>\n
Ripple is well supported on the downside, starting with $0.1965 and $0.1950. The 100 hourly simple moving average is also near $0.1945 to provide support.<\/p>\n
The main support is now forming near the $0.1920 level, below which there is a risk of a larger decline towards the $0.1880 and $0.1850 levels in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well above the 55 level.<\/p>\n
Major Support Levels \u2013 $0.1965, $0.1955 and $0.1920.<\/p>\n
Major Resistance Levels \u2013 $0.2000, $0.2020 and $0.2050.<\/p>\n
Take advantage of the trading opportunities with Plus500<\/a><\/p>\n
Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple is trading nicely in a bullish zone above $0.1950 against the US Dollar. XRP price is likely to accelerate higher above the $0.2000 and $0.2020 resistance levels. Ripple price is showing signs of more upsides above $0.2000 against the US dollar. A key support is forming near the $0.1920 pivot level. There is a major bullish trend line forming with support near $0.1955 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to continue higher above $0.2000 as long as it is trading above the $0.1920 pivot level. Ripple Price Could Rally Further After forming a strong support base above $0.1900 and $0.1920, ripple started a fresh increase. XRP price broke a key resistance near the $0.1950 level to move further into a positive zone. There was also a break above the $0.1980 weekly resistance area. Ripple settled nicely in a positive zone above the 100 hourly simple moving average, similar to bitcoin and Ethereum. A new weekly high is formed near $0.1997 and the price is currently consolidating gains. It tested the 23.6% Fib retracement level of the recent rise from the $0.1922 low to $0.1997 high. The first major support is near the $0.1965 level (the recent breakout zone). The next major support is seen near the $0.1955 level. Besides, there is a major bullish trend line forming with support near $0.1955 on the hourly chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the recent rise from the $0.1922 low to $0.1997 high. On the upside, an immediate resistance for the bulls is near the $0.2000 level. A successful break and follow through above the $0.2000 level could start a strong rise. The next immediate resistance is near the $0.2050 level, above which the price might rally towards the $0.2120 level. Dips Limited Ripple is well supported on the downside, starting with $0.1965 and $0.1950. The 100 hourly simple moving average is also near $0.1945 to provide support. The main support is now forming near the $0.1920 level, below which there is a risk of a larger decline towards the $0.1880 and $0.1850 levels in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now well above the 55 level. Major Support Levels \u2013 $0.1965, $0.1955 and $0.1920. Major Resistance Levels \u2013 $0.2000, $0.2020 and $0.2050. Take advantage of the trading opportunities with Plus500 Risk disclaimer: 76.4% of retail CFD accounts lose money.<\/p>\n","protected":false},"author":67,"featured_media":421969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,4],"tags":[3680,4531],"class_list":["post-421966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nRipple (XRP) Bulls Aim Big After Recent Close Above Key Resistance<\/title>\n<meta name=\"description\" content=\"Ripple is trading nicely in a bullish zone above $0.1950. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple (XRP) Bulls Aim Big After Recent Close Above Key Resistance","url":"http:\/\/uniquehot.com\/news\/ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/shutterstock_517749853.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/shutterstock_517749853.jpg?fit=1000%2C667"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp"],"dateCreated":"2020-04-27T05:58:05Z","datePublished":"2020-04-27T05:58:05Z","dateModified":"2024-06-11T13:47:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Bulls Aim Big After Recent Close Above Key Resistance\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple-xrp-bulls-aim-big-after-recent-close-above-key-resistance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/shutterstock_517749853.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/shutterstock_517749853.jpg?fit=1000%2C667\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\"],\"dateCreated\":\"2020-04-27T05:58:05Z\",\"datePublished\":\"2020-04-27T05:58:05Z\",\"dateModified\":\"2024-06-11T13:47:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/04\/shutterstock_517749853.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/421966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=421966"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/421966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/421969"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=421966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=421966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=421966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}