Ripple Price Analysis: XRP/USD Recovery Above $0.30 On the Cards

2018-8-17 10:00

Key Highlights Ripple price is moving higher and it has settled above the $0.2800 and $0.2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to gain momentum above the $0.3020 and $0.3080 levels in the near term.

Ripple price is gaining bullish momentum against the US Dollar and Bitcoin. XRP/USD could continue to move higher once it settles above $0.3020.

Ripple Price Trend

During the past two sessions, there were positive moves in Ripple price above the $0.2700 level against the US Dollar. The XRP/USD pair traded higher and broke the $0.2800 and $0.2900 resistance levels. It even settled above $0.2900 and the 100 hourly simple moving average. Moreover, there was a break above the 38.2% Fib retracement level of the last decline from the $0.3575 high to $0.2466 low.

The current price action indicates that ripple could continue to move higher above $0.3020. At present, yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair. Moreover, the 50% Fib retracement level of the last decline from the $0.3575 high to $0.2466 low is at $0.3020. Therefore, the price is likely to accelerate higher once it settles above the $0.3020 resistance. The next hurdle for buyers is near $0.3150, which is the 61.8% Fib level. The final target for buyers could be $0.3300, which is the last swing high.

Looking at the chart, ripple is positioned nicely above the $0.2800 support for more gains. If there is a downside correction, the $0.2850 support and the 100 hourly SMA are likely to hold losses.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is placed nicely in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level and is moving higher.

Major Support Level – $0.2800

Major Resistance Level – $0.3020

The post Ripple Price Analysis: XRP/USD Recovery Above $0.30 On the Cards appeared first on NewsBTC.

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Ripple (XRP) на Currencies.ru

$ 0.5193 (+0.13%)
Объем 24H $584.346m
Изменеия 24h: 0.31 %, 7d: -3.73 %
Cегодня L: $0.5172 - H: $0.5212
Капитализация $28.794b Rank 7
Цена в час новости $ 0.3119 (66.5%)

above usd price ripple xrp pair 3020

Источник: newsbtc.com

above usd → Результатов: 126


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