{"id":117902,"date":"2021-03-22T07:07:06","date_gmt":"2021-03-22T07:07:06","guid":{"rendered":"https:\/\/precoinnews.com\/?p=117902"},"modified":"2021-03-22T07:07:06","modified_gmt":"2021-03-22T07:07:06","slug":"ripple-price-analysis-uptrend-intact-above-0-50","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-uptrend-intact-above-0-50\/","title":{"rendered":"Ripple Price Analysis: Uptrend Intact Above $0.50"},"content":{"rendered":"
Ripple price is trading in a positive zone above the $0.5000 resistance against the US Dollar. XRP price is likely to retest $0.5500 and it may even continue higher.<\/em><\/p>\n After forming a base above the $0.4200 zone, ripple price started a strong increase against the US Dollar. The XRP\/USD pair broke many hurdles near $0.4800 and $0.5000 to move into a positive zone.<\/p>\n It even settled above the $0.5000 level and the 55 simple moving average (4-hours). The price rallied towards the $0.5500 level and high was formed near $0.5494. Recently, there was a downside correction below the $0.5280 and $0.5250 support levels.<\/p>\n The price even spiked below the 50% Fib retracement level of the upward move from the $0.4594 swing low to $0.5494 high. However, the bulls were able to protect the $0.5000 support zone.<\/p>\n The 61.8% Fib retracement level of the upward move from the $0.4594 swing low to $0.5494 high also acted as a support. Moreover, there is a key rising channel forming with support near $0.4960 on the 4-hours chart of the XRP\/USD pair.<\/p>\n The pair is now well above $0.5000 and the 55 simple moving average (4-hours). The first key resistance is near the $0.5300 level. The main resistance is still near $0.5500. A close above the $0.5500 resistance will most likely open the doors for a sharp increase in the coming sessions.<\/p>\n On the downside, the $0.5000 zone is a monster support. If there is a downside break below the $0.5000 support, the price could test the 55 simple moving average (4-hours). The next major support is near the $0.4500 level.<\/p>\n <\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is clearly trading in a positive zone above the $0.5000 zone and the 55 simple moving average (4-hours). Overall, the price is likely to start a strong increase above the $0.5250 and $0.5300 resistance levels.<\/p>\n 4 hours MACD \u2013 The MACD for XRP\/USD is now gaining momentum in the bullish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is well above the 50 level.<\/p>\n Key Support Levels \u2013 $0.5050, $0.5000 and $0.4880.<\/p>\n Key Resistance Levels \u2013 $0.5300 and $0.5500.<\/p>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n