{"id":162129,"date":"2022-08-15T07:37:09","date_gmt":"2022-08-15T07:37:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162129"},"modified":"2022-08-15T07:37:09","modified_gmt":"2022-08-15T07:37:09","slug":"ripple-price-analysis-bulls-eye-upside-break-above-0-4","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-bulls-eye-upside-break-above-0-4\/","title":{"rendered":"Ripple Price Analysis: Bulls Eye Upside Break Above $0.4"},"content":{"rendered":"
Ripple price is recovering above $0.3750 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3720 and $0.3650 to continue higher.<\/em><\/p>\n After forming a base near the $0.3550 zone, ripple price started a fresh increase against the US Dollar. The XRP\/USD pair was able to clear the $0.3750 resistance zone.<\/p>\n The price even broke the $0.3850 resistance and the 55 simple moving average (4-hours). XRP climbed above the $0.4000 resistance zone. A high was formed near $0.4090 before there was a downside correction. The price declined below the 50% Fib retracement level of the upward move from the $0.3260 swing low to $0.4090 high.<\/p>\n However, the bulls were active near the $0.3550 support. The 61.8% Fib retracement level of the upward move from the $0.3260 swing low to $0.4090 high acted as a support.<\/p>\n The price is now rising, and trading above $0.3650 and the 55 simple moving average (4-hours). On the upside, the price is facing resistance near $0.3890. The next major resistance is near the $0.400 level. A clear move above the $0.3890 and $0.4000 resistance zones might start a fresh increase.<\/p>\n In the stated case, the price could even surpass the $0.420 resistance. Any more gains might send the price towards the $0.4500 resistance. An initial support on the downside is near the $0.3750 level.<\/p>\n There is also a major bullish trend line forming with support near $0.3740 on the 4-hours chart of the XRP\/USD pair. The next major support is near the $0.3550 level. Any more losses could lead the price towards the $0.3350 level, below which the price might even test $0.3200.<\/p>\n <\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is now trading above the $0.3650 zone and the 55 simple moving average (4-hours). Overall, the price could rise steadily if it stays above the $0.3720 and $0.3650 support 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 above the 50 level.<\/p>\n Key Support Levels \u2013 $0.3750, $0.3670 and $0.3550.<\/p>\n Key Resistance Levels \u2013 $0.3890 and $0.4000.<\/p>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n