{"id":463277,"date":"2021-05-07T05:08:07","date_gmt":"2021-05-07T05:08:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=463277"},"modified":"2024-06-11T07:58:17","modified_gmt":"2024-06-11T07:58:17","slug":"ripple-xrp-turns-green-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-xrp-turns-green-2\/","title":{"rendered":"Charted: Ripple (XRP) Turns Green, Here\u2019s Why The Bulls Could Aim $2"},"content":{"rendered":"<p><em>Ripple started a fresh rally above the $1.50 barrier against the US Dollar. XRP price is likely to surge further if it clears the $1.75 and $1.80 resistance levels.<\/em><\/p>\n<ul>\n<li>Ripple is gaining bullish momentum above the $1.55 and $1.60 resistance levels against the US dollar.<\/li>\n<li>The price is now trading well above $1.50 and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $1.58 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is likely to continue higher if it clears the $1.75 resistance zone.<\/li>\n<\/ul>\n<h2>Ripple\u2019s XRP Price Extends Rally<\/h2>\n<p>In the past few sessions, ripple\u2019s XRP traded with a positive bias above the $1.40 support. XRP formed a support base above $1.40 and started a fresh increase, similar to <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-holds-key-support-55k\/\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-sets-new-ath-3550\/\" target=\"_blank\" rel=\"noopener \">ethereum<\/a>.<\/p>\n<p>The price broke many important barriers near the $1.50 level. There was a break above a key bearish trend line with resistance near $1.58 on the 4-hours chart of the XRP\/USD pair. The pair cleared the 61.8% Fib retracement level of the main downward move from the $1.97 high to $0.95 swing low.<\/p>\n<p>It is now trading well above $1.50 and the 100 simple moving average (4-hours). XRP is now facing hurdles near the $1.73 and $1.75 levels.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-463278\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?resize=1828%2C867\" alt=\"Ripple\u2019s XRP Price\" width=\"1828\" height=\"867\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/Ripple-XRP.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/pre>\n<p>It seems like the price is struggling to clear the 76.4% Fib retracement level of the main downward move from the $1.97 high to $0.95 swing low. A successful break above the $1.73 and $1.75 resistance levels could spark another rally.<\/p>\n<p>The next key resistance is near the $1.80 level, above which the bulls are likely to aim a test of the $2.0 level in the coming sessions.<\/p>\n<h2>Dips Limited in XRP?<\/h2>\n<p>If ripple fails to clear the $1.75 resistance or $1.80, it could correct lower. An initial support on the downside is near the $1.52 level.<\/p>\n<p>The next major support is near the $1.50 and $1.48 levels. If there is a downside break and close below the $1.48 level, the price could start a major downside correction. In the stated case, the price is likely to drop towards the $1.25 support.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 60 level.<\/p>\n<p>Major Support Levels \u2013 $1.52, $1.50 and $1.48.<\/p>\n<p>Major Resistance Levels \u2013 $1.65, $1.75 and $1.80.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple started a fresh rally above the $1.50 barrier against the US Dollar. XRP price is likely to surge further if it clears the $1.75 and $1.80 resistance levels. Ripple is gaining bullish momentum above the $1.55 and $1.60 resistance levels against the US dollar. The price is now trading well above $1.50 and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1.58 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $1.75 resistance zone. Ripple\u2019s XRP Price Extends Rally In the past few sessions, ripple\u2019s XRP traded with a positive bias above the $1.40 support. XRP formed a support base above $1.40 and started a fresh increase, similar to bitcoin and ethereum. The price broke many important barriers near the $1.50 level. There was a break above a key bearish trend line with resistance near $1.58 on the 4-hours chart of the XRP\/USD pair. The pair cleared the 61.8% Fib retracement level of the main downward move from the $1.97 high to $0.95 swing low. It is now trading well above $1.50 and the 100 simple moving average (4-hours). XRP is now facing hurdles near the $1.73 and $1.75 levels. Source: XRPUSD on TradingView.com It seems like the price is struggling to clear the 76.4% Fib retracement level of the main downward move from the $1.97 high to $0.95 swing low. A successful break above the $1.73 and $1.75 resistance levels could spark another rally. The next key resistance is near the $1.80 level, above which the bulls are likely to aim a test of the $2.0 level in the coming sessions. Dips Limited in XRP? If ripple fails to clear the $1.75 resistance or $1.80, it could correct lower. An initial support on the downside is near the $1.52 level. The next major support is near the $1.50 and $1.48 levels. If there is a downside break and close below the $1.48 level, the price could start a major downside correction. In the stated case, the price is likely to drop towards the $1.25 support. 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 now above the 60 level. Major Support Levels \u2013 $1.52, $1.50 and $1.48. Major Resistance Levels \u2013 $1.65, $1.75 and $1.80.<\/p>\n","protected":false},"author":67,"featured_media":463280,"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-463277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrpbtc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Charted: Ripple (XRP) Turns Green, Here\u2019s Why The Bulls Could Aim $2<\/title>\n<meta name=\"description\" content=\"Ripple started a fresh rally above the $1.50 barrier against the US Dollar. 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