{"id":13057,"date":"2018-06-14T04:59:01","date_gmt":"2018-06-14T03:59:01","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=13057"},"modified":"2020-02-19T01:30:54","modified_gmt":"2020-02-18T23:30:54","slug":"ripple-price-analysis-xrp-usd-attempting-upside-recovery","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-price-analysis-xrp-usd-attempting-upside-recovery\/","title":{"rendered":"Ripple Price Analysis: XRP\/USD Attempting Upside Recovery"},"content":{"rendered":"<p><em>Ripple price fell towards the $0.5050 level against the US Dollar. XRP\/USD is currently recovering towards the $0.5500 and $0.5550 resistance levels.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Ripple price found support near the $0.5050 level after a major slide against the US Dollar.<\/li>\n<li>The XRP\/USD pair is currently attempting an upside break above a key bearish trend line with resistance near $0.5480 on the 2-hours chart (Data feed via Bitstamp).<\/li>\n<li>The pair may continue to move higher towards the $0.5550 and $0.5700 resistance levels.<\/li>\n<\/ul>\n<h2>Ripple Price Forecast<\/h2>\n<p>There was a nasty decline from the $0.6800 swing high in Ripple price against the US Dollar. The XRP\/USD pair fell sharply and broke many support levels near the $0.5500 and $0.5300 levels.<\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">chart<\/a>, the price traded well below the $0.5500 pivot level and the 100 simple moving average (2-hours). It traded as low as $0.5044 and is currently attempting an upside correction.<\/p>\n<p><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1.png\"><img decoding=\"async\" class=\"alignnone size-large wp-image-13059\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1-1024x480.png\" alt=\"Ripple Price Analysis XRP USD\" width=\"1024\" height=\"480\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1-1024x480.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1-300x141.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1-770x361.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2018\/06\/Ripple_Price_Chart-1.png 1330w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>It is testing the 23.6% Fib retracement level of the last decline from the $0.6801 high to $0.5044 low. More importantly, the XRP\/USD pair is currently attempting an upside break above a key bearish trend line with resistance near $0.5480 on the 2-hours chart.<\/p>\n<p>The pair has to settle above the $0.5480 and $0.5500 resistance levels to gain traction. Moreover, there should be a break above the $0.5550 resistance zone for an upside push.<\/p>\n<p>Should there be a break and close above $0.5550, the price may trade towards the 50% Fib retracement level of the last decline from the $0.6801 high to $0.5044 low near $0.5900.<\/p>\n<p>On the flip side, if the price fails to move past the $0.5550 resistance level, it could decline once again. On the downside, an initial support is near the $0.5200 level, followed by $0.5100.<\/p>\n<p>The overall price action is still bearish, but there is a chance of an upside move above the $0.5550 resistance in the near term. However, gains could be contained by the $0.5900 and $0.5920 resistance levels.<\/p>\n<p><em>The market data is provided by TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price fell towards the $0.5050 level against the US Dollar. XRP\/USD is currently recovering towards the $0.5500 and $0.5550 resistance levels. Key Talking Points Ripple price found support near the $0.5050 level after a major slide against the US Dollar. The XRP\/USD pair is currently attempting an upside break above a key bearish trend line with resistance near $0.5480 on the 2-hours chart (Data feed via Bitstamp). The pair may continue to move higher towards the $0.5550 and $0.5700 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":13059,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[824],"tags":[188,111,84],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/13057"}],"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=13057"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/13057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/13059"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=13057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=13057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=13057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}