{"id":118113,"date":"2021-03-23T08:43:31","date_gmt":"2021-03-23T08:43:31","guid":{"rendered":"https:\/\/precoinnews.com\/?p=118113"},"modified":"2021-03-23T08:43:31","modified_gmt":"2021-03-23T08:43:31","slug":"charted-ripple-xrp-rallies-10-why-it-could-outperform-btc-and-eth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/charted-ripple-xrp-rallies-10-why-it-could-outperform-btc-and-eth\/","title":{"rendered":"Charted: Ripple (XRP) Rallies 10%, Why It Could Outperform BTC and ETH"},"content":{"rendered":"<p><em>Ripple started a strong increase from the $0.4400 support zone against the US Dollar. XRP price is now trading well above $0.5500 and it is likely to continue higher above $0.6000.<\/em><\/p>\n<ul>\n<li>Ripple is up over 10% and it cleared the main $0.5000 resistance zone against the US dollar.<\/li>\n<li>The price is now above $0.5500 and the 100 simple moving average (4-hours).<\/li>\n<li>There is a key bullish trend line forming with support near $0.5200 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair could is likely to continue higher above the $0.5950 and $0.6000 resistance levels.<\/li>\n<\/ul>\n<h2>Ripple&rsquo;s XRP Price is Gaining Momentum<\/h2>\n<p>In the past few days, ripple&rsquo;s XRP formed a strong support base above $0.4500. The price started a fresh increase and broke many important hurdles near the $0.5000 level.<\/p>\n<p>The bulls gained strength above the $0.5000 zone. The price even cleared the $0.5500 resistance and it settled nicely above the 100 simple moving average (4-hours). Finally, the price tested the $0.6000 resistance and a high is formed near $0.6005.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/03\/spring-cta-2.gif\" \/><br \/>\n<img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/03\/AD2_728x90.gif\" \/><\/p>\n<p>XPR is clearing outperforming bitcoin and ethereum, with strong moves above $0.5500. Recently, there was a downside correction below the 23.6% Fib retracement level of the upward move from the $0.4963 low to $0.6005 high.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/03\/Ripple-XRP-3.png\"><\/p>\n<p>Source: XRPUSD on TradingView.com<\/p>\n<p>However, the bulls were active near the $0.5500 zone. The price also found support near the 50% Fib retracement level of the upward move from the $0.4963 low to $0.6005 high.<\/p>\n<p>It is currently rising and it is likely to revisit the $0.6000 resistance. If there is a clear break above the $0.6000 zone, there are high chances of a move towards the $0.6200 and $0.6320 levels.<\/p>\n<h2>Fresh Drop in XRP?<\/h2>\n<p>If ripple fails to clear the $0.5950 resistance or $0.6000, it could start a downside correction. An initial support on the downside is near the $0.5600 level.<\/p>\n<p>The first major support is near the $0.5500 level. Any more losses might lead the price towards the $0.5000 support zone. The main support is now forming near the $0.4750 level and the 100 simple moving average (4-hours).<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD &ndash; The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) &ndash; The RSI for XRP\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels &ndash; $0.5600, $0.5500 and $0.5000.<\/p>\n<p>Major Resistance Levels &ndash; $0.5950, $0.6000 and $0.6200.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/xrp\/ripple-xrp-outperform-btc-and-eth-060\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple started a strong increase from the<\/p>\n","protected":false},"author":3,"featured_media":118112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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