{"id":169629,"date":"2023-01-16T05:26:14","date_gmt":"2023-01-16T05:26:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=169629"},"modified":"2023-01-16T05:26:14","modified_gmt":"2023-01-16T05:26:14","slug":"ripple-price-analysis-uptrend-in-place-above-0-40","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-uptrend-in-place-above-0-40\/","title":{"rendered":"Ripple Price Analysis: Uptrend In Place Above $0.40"},"content":{"rendered":"
Ripple price is rising steadily above $0.380 against the US Dollar, unlike bitcoin. XRP price must clear $0.408 to continue higher in the coming sessions.<\/em><\/p>\n After forming a base near the $0.3400 zone, ripple price started a fresh increase against the US Dollar. The XRP\/USD pair was able to clear the $0.3650 resistance zone.<\/p>\n The price even broke the $0.3800 resistance and the 55 simple moving average (4-hours). The pair is now trading above the $0.400 resistance. It is also showing positive signs above $0.4000 and the 55 simple moving average (4-hours).<\/p>\n On the upside, the price is facing resistance near $0.4080.\u00a0 The next major resistance is near the $0.4200 level. A clear move above the $0.4200 resistance zone might start a strong increase. In the stated case, the price could even surpass the $0.4400 resistance.<\/p>\n Any more gains might send the price towards the $0.5000 resistance. An initial support on the downside is near the $0.3980 level. It is near the 23.6% Fib retracement level of the upward move from the $0.3666 swing low to $0.4078 high.<\/p>\n The next major support is near the $0.3820 level. There is also a key bullish trend line forming with support near $0.3820 on the 4-hours chart of the XRP\/USD pair.<\/p>\n The trend line is near the 50% Fib retracement level of the upward move from the $0.3666 swing low to $0.4078 high. Any more losses could lead the price towards the $0.3700 level, below which the price might even test $0.3650.<\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is now trading above the $0.380 zone and the 55 simple moving average (4-hours). Overall, the price could gain bullish momentum if it clears the $0.4080 resistance zone in the near term.<\/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 $0.3980, $0.3820 and $0.370.<\/p>\n Key Resistance Levels \u2013 $0.4080 and $0.440.<\/p>\nRipple Price Analysis<\/h2>\n
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Technical indicators<\/h2>\n