{"id":111798,"date":"2021-02-08T09:12:29","date_gmt":"2021-02-08T09:12:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111798"},"modified":"2021-02-08T09:12:29","modified_gmt":"2021-02-08T09:12:29","slug":"ripple-price-analysis-fresh-increase-likely-above-0-44","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/ripple-price-analysis-fresh-increase-likely-above-0-44\/","title":{"rendered":"Ripple Price Analysis: Fresh Increase Likely Above $0.44"},"content":{"rendered":"

Ripple price is trading in a positive zone above $0.3500 against the US Dollar. XRP price is likely eyeing a fresh rally if it clears the $0.4400 resistance zone.<\/em><\/p>\n

Ripple Price Analysis<\/h2>\n

After a strong rally, ripple price started a downside correction below the $0.5000 level against the US Dollar. The XRP\/USD pair even traded below the $0.4500 support level and the 55 simple moving average (4-hours).<\/p>\n

However, the price remained well bid near the $0.3500 level. A low was formed near $0.3442 before the price started an upside correction. There was a break above the $0.4000 resistance level. The price is now struggling near the 23.6% Fib retracement level of the downward move from the $0.7525 high to $0.3442 low.<\/p>\n

It is now trading near the $0.4300 zone and the 55 simple moving average (4-hours). There is also a key declining channel forming with resistance near $0.4300 on the 4-hours chart of the XRP\/USD pair.<\/p>\n

If there is an upside break above the channel resistance, the pair could rise towards $0.4500 and $0.4600. The next major resistance is near the $0.5000 level. Any more gains could lead the price towards $0.5500. It is close to the 50% Fib retracement level of the downward move from the $0.7525 high to $0.3442 low.<\/p>\n

Conversely, the price could correct lower below $0.4200. An initial support is near the $0.4000 level or the channel lower trend line. The next major support is near the $0.3800 level, below which the price could test the key $0.3500 support zone.<\/p>\n

<\/p>\n

Ripple Price<\/p>\n

Looking at the chart, ripple price is clearly trading well above the $0.3500 pivot level and the 55 simple moving average (4-hours). Overall, the price could accelerate higher once it clears the $0.4300 and $0.4400 resistance levels.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for XRP\/USD is slowly gaining momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now close to the 50 level.<\/p>\n

Key Support Levels \u2013 $0.4000, $0.3800 and $0.3500.<\/p>\n

Key Resistance Levels \u2013 $0.4400 and $0.5000.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple price is trading in a positive<\/p>\n","protected":false},"author":3,"featured_media":111797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nRipple Price Analysis: Fresh Increase Likely Above $0.44 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/ripple-price-analysis-fresh-increase-likely-above-0-44\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Price Analysis: Fresh Increase Likely Above $0.44 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ripple price is trading in a positive\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/ripple-price-analysis-fresh-increase-likely-above-0-44\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T09:12:29+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafotoRipple.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/ripple-price-analysis-fresh-increase-likely-above-0-44\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/ripple-price-analysis-fresh-increase-likely-above-0-44\/\",\"name\":\"Ripple Price Analysis: Fresh Increase Likely Above $0.44 - 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