{"id":109564,"date":"2018-03-02T01:30:45","date_gmt":"2018-03-02T06:30:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=109564"},"modified":"2021-09-14T01:10:37","modified_gmt":"2021-09-14T05:10:37","slug":"ripple-price-technical-analysis-can-xrp-usd-gain-momentum","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ripple-price-technical-analysis-can-xrp-usd-gain-momentum","title":{"rendered":"Ripple Price Technical Analysis \u2013 Can XRP\/USD Gain Momentum?"},"content":{"rendered":"

Key Highlights Ripple price moved higher recently and traded above the $0.9000 resistance against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.9110 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair traded as high as $0.9488 where it faced sellers and declined once again.<\/p>\n

Ripple price was not able to capitalize on gains against the US Dollar and Bitcoin. XRP\/USD is back below the 100 hourly SMA and the $0.9200 support.<\/em><\/p>\n

Ripple Price Support<\/p>\n

There was a minor upside move<\/a> initiated from the $0.8700 swing low in Ripple price against the US Dollar. The price moved higher and broke the $0.9000 resistance. There was also a break above the $0.9200 resistance and the 100 hourly simple moving average. Buyers pushed the price above the 50% Fib retracement level of the last drop from the $0.9597 high to $0.8749 low.<\/p>\n

During the upside, there was a break above a connecting bearish trend line with resistance at $0.9110 on the hourly chart of the XRP\/USD pair. However, the upside move was capped by the $0.9500 resistance. A high was formed near $0.9488 from where the price started a fresh downside wave. The decline was substantial<\/a> as the price moved below the 50% Fib retracement level of the last wave from the $0.8754 low to $0.8488 high. Moreover, there was a close below the $0.9200 level and the 100 hourly SMA.<\/p>\n

It seems like the price was able to capitalize on gains above $0.9200 and declined. It is currently trading near the same broken trend line at $0.9080, which is acting as a support. As long as the price is above $0.9050, it could make another upside attempt.<\/p>\n

Looking at the technical indicators:<\/strong><\/p>\n

Hourly MACD<\/strong> \u2013 The MACD for XRP\/USD is now back in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) <\/strong>\u2013 The RSI for XRP\/USD has moved below the 50 level.<\/p>\n

Major Support Level<\/strong> \u2013 $0.9050<\/p>\n

Major Resistance Level<\/strong> \u2013 $0.9200<\/p>\n

 <\/p>\n

Charts courtesy \u2013 Trading View<\/a><\/p>\n

The post Ripple Price Technical Analysis \u2013 Can XRP\/USD Gain Momentum?<\/a> appeared first on NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key Highlights Ripple price moved higher recently and traded above the $0.9000 resistance against the US dollar. There was a break above a connecting bearish […]<\/a><\/div>","protected":false},"author":168,"featured_media":109565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-109564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\nRipple Price Technical Analysis \u2013 Can XRP\/USD Gain Momentum? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Ripple price was not able to capitalize on gains against the US Dollar. 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