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{"id":422887,"date":"2020-05-06T05:58:30","date_gmt":"2020-05-06T05:58:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=422887"},"modified":"2024-06-11T13:48:20","modified_gmt":"2024-06-11T13:48:20","slug":"ripple-xrp-hesitates-but-gains-above-022-likely","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-xrp-hesitates-but-gains-above-022-likely\/","title":{"rendered":"Ripple (XRP) Hesitates, But Further Gains Above $0.22 Seem Likely"},"content":{"rendered":"

Ripple is facing a couple of hurdles near $0.2220 against the US Dollar. XRP is likely to accelerate higher above $0.2220 unless the bulls lose control and the price drops below $0.2080.<\/em><\/p>\n

\n
Ripple price is currently approaching the $0.2200 and $0.2220 resistance levels against the US dollar.<\/li>\n
It seems like a strong support base is forming near the $0.2120 and $0.2080 levels.<\/li>\n
There is a key bearish trend line forming with resistance near $0.2190 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n
There could be a sustained upward move if the price clears the $0.2220 resistance zone.<\/li>\n<\/ul>\n
Ripple Price Could Continue Higher<\/h2>\n
Recently, ripple made an attempt to continue higher above the $0.2220 resistance, but it failed. XRP price formed a high near $0.2224 and recently started a downside correction.<\/p>\n
There was a break below the $0.2200 support and the 100 hourly simple moving average. It even traded below the 23.6% Fib retracement level of the upward move from the $0.2074 low to $0.2224 high.<\/p>\n
On the downside, the $0.2150 support area is acting as a decent buy zone<\/a>. It is close to the 50% Fib retracement level of the upward move from the $0.2074 low to $0.2224 high.<\/p>\n
Ripple is currently rising and approaching the 100 hourly SMA at $0.2190. More importantly, there is a key bearish trend line forming with resistance near $0.2190 on the hourly chart<\/a> of the XRP\/USD pair.<\/p>\n
$\"Ripple$ <\/a>
Ripple Price<\/figcaption><\/figure>\n
If there is an upside break above $0.2190 and $0.2200, the price could make another attempt to surpass the $0.2220 resistance level. If the bulls gain strength above $0.2220, the price is likely to continue higher towards the $0.2320 and $0.2350 resistance levels in the coming sessions.<\/p>\n
Another Rejection?<\/h2>\n
If ripple fails to continue higher above $0.2200 or $0.2220, it could react to the downside. An initial support on the downside is near the $0.2150 level.<\/p>\n
The first major support is near the $0.2100 level, below which the $0.2080 support could act as a strong buy zone. If the bears succeed in clearing the $0.2080 support, there is a risk of a drop towards $0.2000<\/a>.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.2150, $0.2100 and $0.2080.<\/p>\n
Major Resistance Levels \u2013 $0.2200, $0.2220 and $0.2350.<\/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 facing a couple of hurdles near $0.2220 against the US Dollar. XRP is likely to accelerate higher above $0.2220 unless the bulls lose control and the price drops below $0.2080. Ripple price is currently approaching the $0.2200 and $0.2220 resistance levels against the US dollar. It seems like a strong support base is forming near the $0.2120 and $0.2080 levels. There is a key bearish trend line forming with resistance near $0.2190 on the hourly chart of the XRP\/USD pair (data source from Kraken). There could be a sustained upward move if the price clears the $0.2220 resistance zone. Ripple Price Could Continue Higher Recently, ripple made an attempt to continue higher above the $0.2220 resistance, but it failed. XRP price formed a high near $0.2224 and recently started a downside correction. There was a break below the $0.2200 support and the 100 hourly simple moving average. It even traded below the 23.6% Fib retracement level of the upward move from the $0.2074 low to $0.2224 high. On the downside, the $0.2150 support area is acting as a decent buy zone. It is close to the 50% Fib retracement level of the upward move from the $0.2074 low to $0.2224 high. Ripple is currently rising and approaching the 100 hourly SMA at $0.2190. More importantly, there is a key bearish trend line forming with resistance near $0.2190 on the hourly chart of the XRP\/USD pair. If there is an upside break above $0.2190 and $0.2200, the price could make another attempt to surpass the $0.2220 resistance level. If the bulls gain strength above $0.2220, the price is likely to continue higher towards the $0.2320 and $0.2350 resistance levels in the coming sessions. Another Rejection? If ripple fails to continue higher above $0.2200 or $0.2220, it could react to the downside. An initial support on the downside is near the $0.2150 level. The first major support is near the $0.2100 level, below which the $0.2080 support could act as a strong buy zone. If the bears succeed in clearing the $0.2080 support, there is a risk of a drop towards $0.2000. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is currently well above the 50 level. Major Support Levels \u2013 $0.2150, $0.2100 and $0.2080. Major Resistance Levels \u2013 $0.2200, $0.2220 and $0.2350. 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":422889,"comment_status":"open","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],"class_list":["post-422887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nRipple (XRP) Hesitates, But Further Gains Above $0.22 Seem Likely<\/title>\n<meta name=\"description\" content=\"Ripple is facing a couple of hurdles near $0.2220 against the US Dollar. 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Another Rejection?<\/h2>\nIf ripple fails to continue higher above $0.2200 or $0.2220, it could react to the downside. An initial support on the downside is near the $0.2150 level.<\/p>\n