{"id":433089,"date":"2020-08-03T05:48:21","date_gmt":"2020-08-03T05:48:21","guid":{"rendered":"https:\/\/ktsl888.com\/?p=433089"},"modified":"2024-06-11T13:14:33","modified_gmt":"2024-06-11T13:14:33","slug":"ripple-xrp-could-rally-to-032","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-xrp-could-rally-to-032\/","title":{"rendered":"Technicals Suggest Ripple (XRP) is Setting Up For Another Rally To $0.32"},"content":{"rendered":"<p><em>Ripple surged more than 30% this past week to climb above $0.3000 against the US Dollar. XRP price nosedived below $0.3250, but technicals suggest a fresh increase above $0.3150.<\/em><\/p>\n<ul>\n<li>Ripple price surged above the $0.3000 and $0.3150 resistance levels against the US dollar.<\/li>\n<li>The price dived more than 20%, but dips remained well supported above $0.2500.<\/li>\n<li>There is a major bullish trend line forming with support near $0.2780 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is likely setting up for the next rally above the $0.3000 resistance area.<\/li>\n<\/ul>\n<h2>Ripple Price Could Surge Above $0.30<\/h2>\n<p>This past week, there was a <a href=\"https:\/\/ktsl888.com\/2020\/07\/31\/ripple-xrp-could-surge-above-0-25\/\" target=\"_blank\" rel=\"noopener \">strong increase in ripple<\/a> above $0.3000, following bitcoin and ethereum\u2019s rally. The price even surged above the $0.3120 resistance and settled well above the 100 simple moving average (4-hours).<\/p>\n<p>It traded to a new multi-week high at $0.3255 before it crashed more than 20%. There was a sharp decline below the $0.3000 support zone. The price even spiked below the $0.2800 support level, but <a href=\"https:\/\/ktsl888.com\/2020\/07\/30\/ripple-xrp-consolidating-gains\/\" target=\"_blank\" rel=\"noopener \">dips remained well supported<\/a> near the $0.2500 level.<\/p>\n<p>There is also a major bullish trend line forming with support near $0.2780 on the 4-hours chart of the XRP\/USD pair. A swing low was formed near the $0.2401 and recently the price started a fresh increase. There was a break above $0.2800, plus the 50% Fib retracement level of the recent crash from the $0.3255 high to $0.2400 low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"1828\" height=\"868\" class=\"alignnone size-full wp-image-433090\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?resize=1828%2C868\" alt=\"Ripple (XRP)\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/Ripple-XRP.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Ripple (XRP) price trades near $0.2000. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>The price is now testing the 61.8% Fib retracement level of the recent crash from the $0.3255 high to $0.2400 low. On the upside, there is a strong resistance near the $0.3000 level. A successful close above the $0.3000 barrier could open the doors for more gains.<\/p>\n<p>The next major resistance is near the $0.3120 level, above which the price is likely to surge towards the $0.3200 and $0.3250 levels in the coming sessions.<\/p>\n<h2>Downsides Likely To Be Limited in XRP<\/h2>\n<p>If there is another downside correction, ripple is likely to find support near $0.2850. The trend line support near $0.2800 also holds the key, below which the bulls might struggle.<\/p>\n<p>If there is a bearish close below the trend line support, the price could extend its decline towards the $0.2650 and $0.2600 support levels.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for XRP\/USD is about to gain strength in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is still well above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2850, $0.2800 and $0.2650.<\/p>\n<p>Major Resistance Levels \u2013 $0.3000, $0.3050 and $0.3120.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple surged more than 30% this past week to climb above $0.3000 against the US Dollar. XRP price nosedived below $0.3250, but technicals suggest a fresh increase above $0.3150. Ripple price surged above the $0.3000 and $0.3150 resistance levels against the US dollar. The price dived more than 20%, but dips remained well supported above $0.2500. There is a major bullish trend line forming with support near $0.2780 on the 4-hours chart of the XRP\/USD pair (data source from Kraken). The pair is likely setting up for the next rally above the $0.3000 resistance area. Ripple Price Could Surge Above $0.30 This past week, there was a strong increase in ripple above $0.3000, following bitcoin and ethereum\u2019s rally. The price even surged above the $0.3120 resistance and settled well above the 100 simple moving average (4-hours). It traded to a new multi-week high at $0.3255 before it crashed more than 20%. There was a sharp decline below the $0.3000 support zone. The price even spiked below the $0.2800 support level, but dips remained well supported near the $0.2500 level. There is also a major bullish trend line forming with support near $0.2780 on the 4-hours chart of the XRP\/USD pair. A swing low was formed near the $0.2401 and recently the price started a fresh increase. There was a break above $0.2800, plus the 50% Fib retracement level of the recent crash from the $0.3255 high to $0.2400 low. Ripple (XRP) price trades near $0.2000. Source: TradingView.com The price is now testing the 61.8% Fib retracement level of the recent crash from the $0.3255 high to $0.2400 low. On the upside, there is a strong resistance near the $0.3000 level. A successful close above the $0.3000 barrier could open the doors for more gains. The next major resistance is near the $0.3120 level, above which the price is likely to surge towards the $0.3200 and $0.3250 levels in the coming sessions. Downsides Likely To Be Limited in XRP If there is another downside correction, ripple is likely to find support near $0.2850. The trend line support near $0.2800 also holds the key, below which the bulls might struggle. If there is a bearish close below the trend line support, the price could extend its decline towards the $0.2650 and $0.2600 support levels. Technical Indicators 4-Hours MACD \u2013 The MACD for XRP\/USD is about to gain strength 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 $0.2850, $0.2800 and $0.2650. Major Resistance Levels \u2013 $0.3000, $0.3050 and $0.3120.<\/p>\n","protected":false},"author":67,"featured_media":433091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,4],"tags":[3680,4531,10972,78763],"class_list":["post-433089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-analysis","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Technicals Suggest Ripple (XRP) is Setting Up For Another Rally To $0.32<\/title>\n<meta name=\"description\" content=\"Ripple surged more than 30% this past week to climb above $0.3000 against the US Dollar. 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