{"id":12495,"date":"2018-06-07T10:41:44","date_gmt":"2018-06-07T09:41:44","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=12495"},"modified":"2020-02-19T01:52:36","modified_gmt":"2020-02-18T23:52:36","slug":"ripple-price-analysis-xrp-usd-gaining-bullish-momentum","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-price-analysis-xrp-usd-gaining-bullish-momentum\/","title":{"rendered":"Ripple Price Analysis: XRP\/USD Gaining Bullish Momentum"},"content":{"rendered":"<p><em>Ripple price is slowly moving higher above the $0.6500 pivot level against the US Dollar. XRP\/USD could accelerate gains above the $0.6900 and $0.7000 levels.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Ripple price is placed nicely above the $0.6500 and $0.6600 support levels against the US Dollar.<\/li>\n<li>There is a crucial bullish trend line forming with support at $0.6800 on the 2-hours chart of the XRP\/USD pair (Data feed via Bitstamp).<\/li>\n<li>The pair is in a bullish trend and it could accelerate positive moves above the $0.70 resistance.<\/li>\n<\/ul>\n<h2>Ripple Price Forecast<\/h2>\n<p>There was a decent uptrend formed from the $0.5500 pivot level in Ripple price against the US Dollar. The XRP\/USD pair traded higher and broke many resistances on the way up such as $0.6000, $0.6200 and $0.6500.<\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">chart<\/a>, there was a close above the $0.6500 resistance and the 100 simple moving average (2-hours). The price traded as high as $0.7037 before it started a downside correction. During the decline, the price broke the $0.6500 support, but it found a strong buying interest near the $0.6350 level.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-12496\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1024x480.png\" alt=\"Ripple Price Analysis XRP USD\" width=\"1024\" height=\"480\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1024x480.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-300x140.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-770x361.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart.png 1326w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>A fresh upward wave is underway, and the price broke the 50% Fib retracement level of the last drop from the $0.7037 high to $0.6348 low. The current price action is positive, and it seems like the price may soon break the $0.7000 resistance to register more gains.<\/p>\n<p>An immediate resistance is near the 76.4% Fib retracement level of the last drop from the $0.7037 high to $0.6348 low. On the downside, there are many supports around the $0.6500 level. There is also a crucial bullish trend line forming with support at $0.6800 on the 2-hours chart of the XRP\/USD pair.<\/p>\n<p>If the price corrects lower from the current levels, it is likely to find support near the $0.6600 and $0.6500 levels. Below this, the price may perhaps move back in a bearish zone towards $0.6000.<\/p>\n<p>The overall price action is positive with high chances of an upside break above the $0.7000 level.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price is slowly moving higher above the $0.6500 pivot level against the US Dollar. XRP\/USD could accelerate gains above the $0.6900 and $0.7000 levels. Key Talking Points Ripple price is placed nicely above the $0.6500 and $0.6600 support levels against the US Dollar. There is a crucial bullish trend line forming with support at $0.6800 on the 2-hours chart of the XRP\/USD pair (Data feed via Bitstamp). The pair is in a bullish trend and it could accelerate positive [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":12496,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4656],"tags":[188,111,84],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12495"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=12495"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/12495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/12496"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=12495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=12495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=12495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}