{"id":460988,"date":"2021-04-12T05:58:24","date_gmt":"2021-04-12T05:58:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=460988"},"modified":"2024-06-11T07:58:00","modified_gmt":"2024-06-11T07:58:00","slug":"ripple-xrp-rally-isnt-over-yet","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-xrp-rally-isnt-over-yet\/","title":{"rendered":"Charted: Ripple (XRP) Consolidates Gains, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"
Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400.<\/em><\/p>\n In the past few days, ripple\u2019s XRP saw a strong surge above $1.0000, unlike bitcoin<\/a> and ethereum<\/a>. XRP broke many hurdles near $1.200 to move further into a positive zone.<\/p>\n The price even rallied above $1.400 before the bears appeared near $1.485. A high was formed near $1.481 and recently there was a downside correction. The bears were able to push the price below the $1.420 and $1.400 support levels.<\/p>\n There was a break below the 23.6% Fib retracement level of the upward move from the $0.8598 swing low to $1.481 high. However, the price is still trading well above $1.250 and the 100 simple moving average (4-hours).<\/p>\n <\/a><\/p>\n There is also a key contracting triangle forming with support near $1.310 on the 4-hours chart of the XRP\/USD pair. The pair is placed nicely above the 50% Fib retracement level of the upward move from the $0.8598 swing low to $1.481 high.<\/p>\n On the upside, the $1.3800 level is an immediate resistance. The next major resistance is near the $1.400 level. A successful close above the $1.400 level is likely to start a fresh rally towards $1.500 and $1.650.<\/p>\n If ripple fails to clear the $1.4000 resistance or $1.450, it could correct further lower. An initial support on the downside is near the $1.3100 level and the trend line.<\/p>\n The next major support is near the $1.2500 level. Any more losses might call for a drop towards the $1.120 support zone in the coming sessions.<\/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 still well above the 50 level.<\/p>\n Major Support Levels \u2013 $1.3100, $1.2500 and $1.1200.<\/p>\n Major Resistance Levels \u2013 $1.400, $1.450 and $1.500.<\/p>\n","protected":false},"excerpt":{"rendered":" Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400. Ripple rallied towards $1.50 before correcting lower against the US dollar. The price is now trading well above $1.1500 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with support near $1.3100 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely to start a fresh rally if it clears the $1.400 resistance zone. Ripple\u2019s XRP Price Remains Well Supported In the past few days, ripple\u2019s XRP saw a strong surge above $1.0000, unlike bitcoin and ethereum. XRP broke many hurdles near $1.200 to move further into a positive zone. The price even rallied above $1.400 before the bears appeared near $1.485. A high was formed near $1.481 and recently there was a downside correction. The bears were able to push the price below the $1.420 and $1.400 support levels. There was a break below the 23.6% Fib retracement level of the upward move from the $0.8598 swing low to $1.481 high. However, the price is still trading well above $1.250 and the 100 simple moving average (4-hours). Source: XRPUSD on TradingView.com There is also a key contracting triangle forming with support near $1.310 on the 4-hours chart of the XRP\/USD pair. The pair is placed nicely above the 50% Fib retracement level of the upward move from the $0.8598 swing low to $1.481 high. On the upside, the $1.3800 level is an immediate resistance. The next major resistance is near the $1.400 level. A successful close above the $1.400 level is likely to start a fresh rally towards $1.500 and $1.650. Dips Limited in XRP? If ripple fails to clear the $1.4000 resistance or $1.450, it could correct further lower. An initial support on the downside is near the $1.3100 level and the trend line. The next major support is near the $1.2500 level. Any more losses might call for a drop towards the $1.120 support zone in the coming sessions. 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 still well above the 50 level. Major Support Levels \u2013 $1.3100, $1.2500 and $1.1200. Major Resistance Levels \u2013 $1.400, $1.450 and $1.500.<\/p>\n","protected":false},"author":67,"featured_media":460990,"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-460988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n\n
Ripple\u2019s XRP Price Remains Well Supported<\/h2>\n
Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in XRP?<\/h2>\n