{"id":449995,"date":"2020-11-17T07:48:40","date_gmt":"2020-11-17T07:48:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=449995"},"modified":"2024-06-11T14:08:31","modified_gmt":"2024-06-11T14:08:31","slug":"ripple-xrp-smashes-0-30","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ripple-xrp-smashes-0-30\/","title":{"rendered":"Charted: Ripple (XRP) Smashes $0.30, Why Pullbacks Could Be Limited"},"content":{"rendered":"
Ripple surged over 12% and it even broke the $0.3000 resistance against the US Dollar. XRP price is currently trading near $0.3010 and dips might be limited in the near term.<\/em><\/p>\n In the past 2-3 sessions, there was a sharp increase in ripple\u2019s XRP price above the $0.2650 resistance zone<\/a>. The price gained pace above $0.2800 and settled well above the 100 simple moving average (4-hours).<\/p>\n The upward move gained pace above the $0.2850 and $0.2920 levels. Finally, the price spiked above the $0.3000 resistance and traded to a new multi-week high at $0.3030. The price is now consolidating gains above the $0.2950 and $0.2960 levels.<\/p>\n An initial support is near the $0.2940 level. It is close to the 23.6% Fib retracement level of the recent rally from the $0.2647 low to $0.3030 high. The next major support<\/a> is near the $0.2850 level.<\/p>\n <\/a><\/p>\n The 50% Fib retracement level of the recent rally from the $0.2647 low to $0.3030 high is also near the $0.2835 level to provide support. More importantly, there is a major bullish trend line forming with support near $0.2700 on the 4-hours chart of the XRP\/USD pair.<\/p>\n On the upside, the price is clearly facing a huge resistance near $0.3030 and $0.3040. If there is a successful break above the $0.3040 resistance zone, the price might surge towards the $0.3120 and $0.3150 levels in the near term.<\/p>\n If ripple fails to clear the $0.3030 and $0.3040 support levels, there could be a downside correction. The first key support is near the $0.2850 level.<\/p>\n The next major support is near the $0.2770 level (a multi-touch zone). Overall, dips towards the $0.2850 and $0.2770 levels are likely to find a strong buying interest in the near term.<\/p>\n Technical Indicators<\/p>\n 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 65 level.<\/p>\n Major Support Levels \u2013 $0.2940, $0.2850 and $0.2770.<\/p>\n Major Resistance Levels \u2013 $0.3000, $0.3040 and $0.3050.<\/p>\n","protected":false},"excerpt":{"rendered":" Ripple surged over 12% and it even broke the $0.3000 resistance against the US Dollar. XRP price is currently trading near $0.3010 and dips might be limited in the near term. Ripple started a strong rally after it settled above the $0.2650 resistance against the US dollar. The price even cleared the $0.3000 resistance and settled well above the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2700 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair could start a downside correction if it fails to clear the $0.3040 resistance zone. Ripple\u2019s XRP Price Rallies 12% In the past 2-3 sessions, there was a sharp increase in ripple\u2019s XRP price above the $0.2650 resistance zone. The price gained pace above $0.2800 and settled well above the 100 simple moving average (4-hours). The upward move gained pace above the $0.2850 and $0.2920 levels. Finally, the price spiked above the $0.3000 resistance and traded to a new multi-week high at $0.3030. The price is now consolidating gains above the $0.2950 and $0.2960 levels. An initial support is near the $0.2940 level. It is close to the 23.6% Fib retracement level of the recent rally from the $0.2647 low to $0.3030 high. The next major support is near the $0.2850 level. Source: XRPUSD on TradingView.com The 50% Fib retracement level of the recent rally from the $0.2647 low to $0.3030 high is also near the $0.2835 level to provide support. More importantly, there is a major bullish trend line forming with support near $0.2700 on the 4-hours chart of the XRP\/USD pair. On the upside, the price is clearly facing a huge resistance near $0.3030 and $0.3040. If there is a successful break above the $0.3040 resistance zone, the price might surge towards the $0.3120 and $0.3150 levels in the near term. Dips Limited in XRP? If ripple fails to clear the $0.3030 and $0.3040 support levels, there could be a downside correction. The first key support is near the $0.2850 level. The next major support is near the $0.2770 level (a multi-touch zone). Overall, dips towards the $0.2850 and $0.2770 levels are likely to find a strong buying interest in the near term. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 65 level. Major Support Levels \u2013 $0.2940, $0.2850 and $0.2770. Major Resistance Levels \u2013 $0.3000, $0.3040 and $0.3050.<\/p>\n","protected":false},"author":67,"featured_media":449999,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[10972,78763],"class_list":["post-449995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n\n
Ripple\u2019s XRP Price Rallies 12%<\/h2>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in XRP?<\/h2>\n