{"id":160410,"date":"2022-07-15T13:03:42","date_gmt":"2022-07-15T13:03:42","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160410"},"modified":"2022-07-15T13:03:42","modified_gmt":"2022-07-15T13:03:42","slug":"ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high\/","title":{"rendered":"Ripple Uptrend Encounters Rejection as It Attempts to Break Through $0.35 High"},"content":{"rendered":"

The price of Ripple (XRP) is in a downward correction as the price breaks above the 21-day line SMA. The bulls made another bold move but failed to break the 50-day line SMA. The candle shows a protruding wick. <\/strong><\/p>\n

The long wick indicates selling at higher levels as the bears try to push the altcoin below the moving averages. Selling pressure will intensify. At the time of writing, XRP\/USD is trading at $0.33. If XRP falls back below the $0.30 support, the cryptocurrency will continue to fall to the $0.25 low. On the other hand, if the support of $0.30 holds, XRP will rise again and rally above the moving average lines. The bullish momentum will extend to the high of $0.40.<\/p>\n

Ripple indicator analysis<\/h2>\n

Ripple is at the 50 level of the Relative Strength Index for the 14 period, indicating that there is a balance between supply and demand. The price bar of the cryptocurrency is above the 21-day line SMA and the 50-day line SMA, indicating a possible movement within the trading range. XRP is above the 50% area of the daily stochastic. This suggests that the market has resumed its bullish momentum.<\/p>\n

<\/p>\n

Technical Indicators:  <\/h3>\n

Key resistance levels – $0.80 and $1.00<\/b><\/p>\n

<\/b><\/p>\n

Key support levels – $0.40 and $0.20<\/b><\/p>\n

What is the next step for Ripple?<\/h2>\n

Ripple is vulnerable to a decline as it faces rejection at the 50-day line SMA. However, buyers are trying to push the altcoin above the moving average lines. Meanwhile, on May 12 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that XRP will fall but reverse at the 1,272 Fibonacci extension level or the $0.25 level.<\/p>\n

<\/p>\n

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing <\/span><\/i><\/p>\n

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

The price of Ripple (XRP) is in<\/p>\n","protected":false},"author":3,"featured_media":160409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nRipple Uptrend Encounters Rejection as It Attempts to Break Through $0.35 High - 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\/crypto\/ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Uptrend Encounters Rejection as It Attempts to Break Through $0.35 High - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The price of Ripple (XRP) is in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T13:03:42+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\/2022\/07\/Ripple-Uptrend-Encounters-Rejection-as-It-Attempts-to-Break-Through-0.35-High.jpg\" \/>\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\/crypto\/ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ripple-uptrend-encounters-rejection-as-it-attempts-to-break-through-0-35-high\/\",\"name\":\"Ripple Uptrend Encounters Rejection as It Attempts to Break Through $0.35 High - 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