Ripple is currently consolidating above the $0.2000 support against the US Dollar. XRP price is likely to start a strong increase above $0.2100 as long as it is above the 100 SMA (H4).
Ripple price is currently trading nicely above the main $0.2000 support zone against the US dollar.
The price is facing a few key resistances near the $0.2040 and $0.2075 levels.
There is a major declining channel forming with resistance near $0.2040 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
The pair is likely to accelerate higher if there is a clear break above $0.2075.
Ripple Price Holding Crucial Uptrend Support
In the past few days, ripple followed a bearish path below the $0.2100 pivot level. XRP price broke the $0.2020 support zone, but it remained well bid above the $0.2000 support level.
The price is currently consolidating above the $0.2000 support and the 100 simple moving average (4-hours). The last swing high was near $0.2073 before the price declined towards $0.2000.
A low is formed near $0.1986 and the price is currently rising. XRP is trading above the 50% Fib retracement level of the recent decline from the $0.2073 high to $0.1986 low. It seems like there is a major declining channel forming with resistance near $0.2040 on the 4-hours chart of the XRP/USD pair.
Ripple Price
The channel resistance is close to the 61.8% Fib retracement level of the recent decline from the $0.2073 high to $0.1986 low. If there is an upside break above the channel resistance, the price could test the key $0.2075 resistance zone.
A successful close above the $0.2075 resistance zone could open the doors for a larger upward move. The next major resistance is near the $0.2140 level, above which the bulls are likely to aim more gains towards $0.2250.
More Losses in XRP?
On the downside, there is a crucial support forming near $0.2000 and the 100 simple moving average (4-hours). If ripple fails to stay above the $0.2000 support, there is a risk of a larger decline.
A successful close below the $0.2000 support may perhaps lead the price towards the $0.1920 and $0.1900 support levels in the near term.
Technical Indicators
4-Hours MACD – The MACD for XRP/USD is slowly gaining momentum in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.2000, $0.1920 and $0.1900.
Major Resistance Levels – $0.2040, $0.2075 and $0.2140.
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Ripple rallied above the $0. 400 and $0. 450 resistance levels against the US Dollar. XRP price is up over 25% and there could be more upsides in the near term. Ripple is gaining pace above the $0.
Ripple extended its rally above the $0. 8000 resistance zone against the US Dollar. XRP price even tested $0. 9500 and it is now consolidating gains. Ripple started a strong surge above the $0. 8000 and $0.
Ripple gained bullish momentum above $0. 5000 and $0. 5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0. 5750. Ripple gained strength and it even spiked above $0.
Ripple trimmed most gains from the $0. 6000 resistance against the US Dollar. XRP price is now trading above $0. 4500 and it could attempt a fresh increase above $0. 5500. Ripple broke the $0. 5500 support zone, but it stayed above $0.
Ripple started a strong rally after it settled above $0. 3000 against the US Dollar. XRP price is up over 50% and it even cleared the $0. 5000 barrier to move into a positive zone. Ripple started a strong increase after there was a break above $0.
Ripple rallied significantly above $0. 6000 and $0. 7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0. 6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.
Ripple is gaining pace above the $0. 2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0. 2700 resistance level as long as it is above $0. 2400. Ripple is showing positive signs above the $0.
Ripple is forming a strong support base above the $0. 2800 level against the US Dollar. XRP price is showing positive signs and it seems like it could rally above the $0. 3100 and $0. 3200 levels.
Ripple surged more than 30% this past week to climb above $0. 3000 against the US Dollar. XRP price nosedived below $0. 3250, but technicals suggest a fresh increase above $0. 3150. Ripple price surged above the $0.
Ripple is resilient above the main $0. 1920 support zone against the US Dollar. As long as XRP price is above $0. 1900, it could drive the crypto market higher in the coming days. Ripple price is consolidating in a range above the $0.
Ripple is currently consolidating above the $0. 2100 support against the US Dollar. XRP price is showing bearish signs, but it could start a fresh increase as long as it is above the 100 SMA (H4).
Ripple is trading nicely in a bullish zone above $0. 1950 against the US Dollar. XRP price is likely to accelerate higher above the $0. 2000 and $0. 2020 resistance levels. Ripple price is showing signs of more upsides above $0.
Ripple is currently recovering above $0. 2325 against the US Dollar and bitcoin is trading above $8,700. XRP price is likely to surge towards $0. 2500 or $0. 2600 once it clears the $0. 2400-$0. 2420 resistance.
Ripple price found support above the $0. 3100 level and recovered above $0. 3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0. 3200 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price is holding gains above the $0. 4700 support level against the US dollar. There is a key bullish trend line formed with support at $0. 4800 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price extended slides recently, but it found support near $0. 4860 against the US dollar. There was a break above a key bearish trend line with resistance at $0. 5050 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price gained momentum recently and settled above the $0. 3000 and $0. 3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.
Key Highlights Ripple price traded higher and settled above the $0. 4700 resistance against the US dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $0. 4720 on the hourly chart of the XRP/USD pair (data source from Kraken).
The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government.
Key Highlights Ripple price stayed above the $0. 5250 support and bounced back against the US dollar. There is a crucial ascending channel forming with support at $0. 5380 on the hourly chart of the XRP/USD pair (data source from Kraken).
Key Highlights Ripple price failed to move above the $0. 5620 resistance area and trimmed gains against the US dollar. There is a key connecting bullish trend line in place with support at $0. 5250 on the hourly chart of the XRP/USD pair (data source from Kraken).
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Key Highlights Ripple price gained upside momentum as it managed to hold the $0. 5000 support against the US dollar. There is an ascending channel forming with support at $0. 5400 on the hourly chart of the XRP/USD pair (data source from Kraken).
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