{"id":148333,"date":"2021-12-27T09:27:17","date_gmt":"2021-12-27T09:27:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148333"},"modified":"2021-12-27T09:27:17","modified_gmt":"2021-12-27T09:27:17","slug":"ripple-price-analysis-rally-could-resume-above-0-95","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-rally-could-resume-above-0-95\/","title":{"rendered":"Ripple Price Analysis: Rally Could Resume Above $0.95"},"content":{"rendered":"
Ripple price is gaining pace above $0.900 against the US Dollar, like bitcoin. XRP price could extend gains if there is a move above the $0.950 hurdle.<\/em><\/p>\n After forming a base above the $0.7700 level, ripple price started a fresh increase against the US Dollar. The XRP\/USD pair cleared the $0.8200 resistance zone to move into a positive zone.<\/p>\n The pair even climbed above the $0.9000 zone and the 55 simple moving average (4-hours). The pair even climbed above the $0.9500 resistance. Finally, there was a spike above the $1.00 level. A high was formed near $1.016 before there was a downside correction.<\/p>\n The price corrected lower below the $0.9800 and $0.9600 levels. The price corrected lower below the 23.6% Fib retracement level of the upward move from the $0.7762 swing low to $1.016 high.<\/p>\n There was a break below a key bullish trend line with support near $0.9320 on the 4-hours chart of the XRP\/USD pair. However, the bulls remained active near the $0.9000 zone. The 50% Fib retracement level of the upward move from the $0.7762 swing low to $1.016 high also acted as support.<\/p>\n Any more losses could lead the price towards the $0.8500 level in the near term. On the upside, the price is facing resistance near the $0.9320 level. The next key resistance is near the $0.9500 level. A close above the $0.9500 level could push the price towards the $1.00 level.<\/p>\n The next major resistance is near the $1.05 level. Any more gains could lead the price towards the $1.10 level. An intermediate resistance might be near the $1.065 level.<\/p>\n <\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is now trading above $0.90 and the 55 simple moving average (4-hours). Overall, the price could continue to move up if there is a clear break above the $0.950 resistance.<\/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 above the 50 level.<\/p>\n Key Support Levels \u2013 $0.900, $0.850 and $0.820.<\/p>\n Key Resistance Levels \u2013 $0.9500 and $1.00.<\/p>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n