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{"id":429280,"date":"2020-07-02T05:28:26","date_gmt":"2020-07-02T05:28:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=429280"},"modified":"2024-06-11T14:04:38","modified_gmt":"2024-06-11T14:04:38","slug":"ripple-xrp-price-bullish-breakout-grows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-bullish-breakout-grows\/","title":{"rendered":"Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bullish Breakout Grows"},"content":{"rendered":"

Ripple is currently consolidating above the $0.1720 support against the US Dollar. XRP price seems to be preparing for a bullish break above the $0.1800 resistance region.<\/em><\/p>\n

\n
Ripple price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels against the US dollar.<\/li>\n
The price is trading well below the 100 simple moving average (4-hours) and $0.1900.<\/li>\n
There is a crucial bearish trend line forming with resistance near $0.1780 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to start a fresh increase if it clears the $0.1780 and $0.1800 resistance levels.<\/li>\n<\/ul>\n
Ripple Price Approaching Next Break<\/h2>\n
After diving below $0.1700, ripple started a slow and steady recovery. XRP price traded above the $0.1700 and $0.1720 levels to move into a short-term positive zone.<\/p>\n
There was a break above the 23.6% Fib retracement level of the downward move from the $0.1868 high to $0.1689 low. However, the price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels<\/a>.<\/p>\n
There is also a crucial bearish trend line forming with resistance near $0.1780 on the 4-hours chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1868 high to $0.1689 low.<\/p>\n
$\"Ripple$ <\/a><\/p>\n
Ripple price below $0.1800. Source: TradingView.com<\/a><\/pre>\n
It seems like ripple is preparing for a crucial upside break above the $0.1800 resistance. If bitcoin climbs above the $9,300 resistance, there are high chances of a bullish break in XRP above $0.1800.<\/p>\n
The next key resistance above $0.1800 is near the $0.1850 level and the 100 simple moving average (4-hours). Any further gains could lead the price towards the next set of hurdles near $0.1900 and $0.1920 in the coming sessions.<\/p>\n
Fresh Decline in XRP?<\/h2>\n
If ripple price fails to surpass the $0.1780 and $0.1800 resistance levels, there are chances of a fresh decline. An initial support is near the $0.1730 level.<\/p>\n
The first key support is near the $0.1720 level, below which the price might continue to move down<\/a>. The next support is near the $0.1680 level, followed by the $0.1650 pivot level.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently approaching the 50 level.<\/p>\n
Major Support Levels \u2013 $0.1720, $0.1680 and $0.1650.<\/p>\n
Major Resistance Levels \u2013 $0.1780, $0.1800 and $0.1850.<\/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 currently consolidating above the $0.1720 support against the US Dollar. XRP price seems to be preparing for a bullish break above the $0.1800 resistance region. Ripple price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels against the US dollar. The price is trading well below the 100 simple moving average (4-hours) and $0.1900. There is a crucial bearish trend line forming with resistance near $0.1780 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely to start a fresh increase if it clears the $0.1780 and $0.1800 resistance levels. Ripple Price Approaching Next Break After diving below $0.1700, ripple started a slow and steady recovery. XRP price traded above the $0.1700 and $0.1720 levels to move into a short-term positive zone. There was a break above the 23.6% Fib retracement level of the downward move from the $0.1868 high to $0.1689 low. However, the price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels. There is also a crucial bearish trend line forming with resistance near $0.1780 on the 4-hours chart of the XRP\/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1868 high to $0.1689 low. Ripple price below $0.1800. Source: TradingView.com It seems like ripple is preparing for a crucial upside break above the $0.1800 resistance. If bitcoin climbs above the $9,300 resistance, there are high chances of a bullish break in XRP above $0.1800. The next key resistance above $0.1800 is near the $0.1850 level and the 100 simple moving average (4-hours). Any further gains could lead the price towards the next set of hurdles near $0.1900 and $0.1920 in the coming sessions. Fresh Decline in XRP? If ripple price fails to surpass the $0.1780 and $0.1800 resistance levels, there are chances of a fresh decline. An initial support is near the $0.1730 level. The first key support is near the $0.1720 level, below which the price might continue to move down. The next support is near the $0.1680 level, followed by the $0.1650 pivot level. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently approaching the 50 level. Major Support Levels \u2013 $0.1720, $0.1680 and $0.1650. Major Resistance Levels \u2013 $0.1780, $0.1800 and $0.1850. 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":429282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,4],"tags":[3680,4531,10972,78763],"class_list":["post-429280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nRipple (XRP) Price Won't Go Down Quietly: Risk of Bullish Breakout Grows<\/title>\n<meta name=\"description\" content=\"Ripple is currently consolidating above the $0.1720 support against the US Dollar. 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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) Price Won’t Go Down Quietly: Risk of Bullish Breakout Grows","url":"http:\/\/uniquehot.com\/news\/ripple-xrp-price-bullish-breakout-grows\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple-xrp-price-bullish-breakout-grows\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/07\/shutterstock_448505836.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/07\/shutterstock_448505836.jpg?fit=1000%2C798"},"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","xrpusd","xrpusdt"],"dateCreated":"2020-07-02T05:28:26Z","datePublished":"2020-07-02T05:28:26Z","dateModified":"2024-06-11T14:04:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bullish Breakout Grows\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple-xrp-price-bullish-breakout-grows\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple-xrp-price-bullish-breakout-grows\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_448505836.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_448505836.jpg?fit=1000%2C798\"},\"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\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2020-07-02T05:28:26Z\",\"datePublished\":\"2020-07-02T05:28:26Z\",\"dateModified\":\"2024-06-11T14:04:38Z\"}<\/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\/07\/shutterstock_448505836.jpg?fit=1000%2C798","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/429280","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=429280"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/429280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/429282"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=429280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=429280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=429280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

Fresh Decline in XRP?<\/h2>\nIf ripple price fails to surpass the $0.1780 and $0.1800 resistance levels, there are chances of a fresh decline. An initial support is near the $0.1730 level.<\/p>\n