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Ripple extended its rally above the $0.8000 resistance zone against the US Dollar. XRP price even tested $0.9500 and it is now consolidating gains.<\/em><\/p>\n

\n
Ripple started a strong surge above the $0.8000 and $0.9000 levels against the US dollar.<\/li>\n
The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours).<\/li>\n
There was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
The pair is now consolidating gains and it might continue to rise towards $1.00 in the near term.<\/li>\n<\/ul>\n
Ripple\u2019s XRP Price Extends Rally<\/h2>\n
In the past three sessions, ripple\u2019s XRP gained strength above $0.6000, unlike bitcoin<\/a> and ethereum<\/a>. XRP broke many hurdles near $0.6500 to move further into a positive zone.<\/p>\n
During the increase, there was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP\/USD pair. The pair even cleared the $0.8000 and $0.9000 resistance levels. A new multiweek high is formed near $0.9443.<\/p>\n
The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours). XRP is now consolidating gains above the $0.8500 level.<\/p>\n
$\"Ripple\u2019s$ <\/a><\/p>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
An initial support is near the $0.8550 level. It is near the 23.6% Fib retracement level of the recent surge from the $0.5688 swing low to $0.9443 high. On the upside, the $0.9000 level is an immediate resistance. The next major resistance is near the $0.9500 level. A successful close above the $0.9500 level is likely to set the pace for more gains above the main $1.00 barrier in the coming sessions.<\/p>\n
Dips Supported in XRP?<\/h2>\n
If ripple fails to clear the $0.9000 resistance or $0.79500, it could start a fresh downside. An initial support on the downside is near the $0.8550 level.<\/p>\n
The first major support is near the $0.7550 level. It is near the 50% Fib retracement level of the recent surge from the $0.5688 swing low to $0.9443 high. Any more losses might call for a drop towards the $0.5500 support zone. Moreover, the 100 simple moving average (4-hours) is also near $0.5500.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for XRP\/USD is slowly losing pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now in the overbought zone.<\/p>\n
Major Support Levels \u2013 $0.8550, $0.8000 and $0.7500.<\/p>\n
Major Resistance Levels \u2013 $0.7250, $0.7500 and $0.8000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple extended its rally above the $0.8000 resistance zone against the US Dollar. XRP price even tested $0.9500 and it is now consolidating gains. Ripple started a strong surge above the $0.8000 and $0.9000 levels against the US dollar. The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours). There was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is now consolidating gains and it might continue to rise towards $1.00 in the near term. Ripple\u2019s XRP Price Extends Rally In the past three sessions, ripple\u2019s XRP gained strength above $0.6000, unlike bitcoin and ethereum. XRP broke many hurdles near $0.6500 to move further into a positive zone. During the increase, there was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP\/USD pair. The pair even cleared the $0.8000 and $0.9000 resistance levels. A new multiweek high is formed near $0.9443. The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours). XRP is now consolidating gains above the $0.8500 level. Source: XRPUSD on TradingView.com An initial support is near the $0.8550 level. It is near the 23.6% Fib retracement level of the recent surge from the $0.5688 swing low to $0.9443 high. On the upside, the $0.9000 level is an immediate resistance. The next major resistance is near the $0.9500 level. A successful close above the $0.9500 level is likely to set the pace for more gains above the main $1.00 barrier in the coming sessions. Dips Supported in XRP? If ripple fails to clear the $0.9000 resistance or $0.79500, it could start a fresh downside. An initial support on the downside is near the $0.8550 level. The first major support is near the $0.7550 level. It is near the 50% Fib retracement level of the recent surge from the $0.5688 swing low to $0.9443 high. Any more losses might call for a drop towards the $0.5500 support zone. Moreover, the 100 simple moving average (4-hours) is also near $0.5500. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is slowly losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now in the overbought zone. Major Support Levels \u2013 $0.8550, $0.8000 and $0.7500. Major Resistance Levels \u2013 $0.7250, $0.7500 and $0.8000.<\/p>\n","protected":false},"author":67,"featured_media":460520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[74937,10972,78763],"class_list":["post-460518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCharted: Ripple (XRP) Skyrockets, Why Break Above $1 Seems Likely<\/title>\n<meta name=\"description\" content=\"Ripple extended its rally above the $0.8000 resistance zone against the US Dollar. XRP price even tested $0.9500 and it is now consolidating gains. 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