Ripple is showing signs of a decent recovery above $0.1400 against the US Dollar. XRP price could attempt to surpass the $0.1650 resistance and start a strong rise.
Ripple price is facing a couple of key hurdles near $0.1620 and $0.1650 against the US dollar.
A key support base seems to be forming near the $0.1400 area.
There is an important contracting triangle forming with resistance near $0.1650 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price might attempt to start a strong rise above the $0.1600 and $0.1650 resistance levels.
Ripple Price Forming Support Base
After crumbling towards the $0.1150 area, ripple started an upside correction. XRP price recovered above the $0.1250 and $0.1400 resistance levels to start a decent recovery.
There was a clear break above the 23.6% Fib retracement level of the main drop from the $0.2102 high to $0.1166 low. However, the price is facing a strong resistance near the $0.1600 area and the 100 hourly simple moving average.
The 50% Fib retracement level of the main drop from the $0.2102 high to $0.1166 low is also acting as a key hurdle for the bulls. More importantly, there is an important contracting triangle forming with resistance near $0.1650 on the hourly chart of the XRP/USD pair.
Ripple Price
It seems like there is a major breakout zone forming near the $0.1600 area. If there is an upside break above the $0.1620 and $0.1650 resistance levels, there are chances of a strong rise in the near term.
The next key resistance is near the $0.1750 area, plus the 61.8% Fib retracement level of the main drop from the $0.2102 high to $0.1166 low.
Breakdown Zone
If ripple price struggles to clear the $0.1600 resistance, it could start another decline. On the downside, an initial support is near the $0.1450 level. The first major support is near the $0.1385 area, below which the bears are likely to take control.
In the mentioned bearish scenario, the price is likely to revisit the $0.1200 support area in the coming sessions. Any further losses are likely to open the doors for more downsides towards $0.1100.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still below the 50 level.
Major Support Levels – $0.1450, $0.1400 and $0.1380.
Major Resistance Levels – $0.1600, $0.1620 and $0.1650. origin »
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Ripple is up over 2% and it is showing positive signs above the $0. 2400 resistance zone against the US Dollar. XRP price is likely to accelerate gains if it clears the $0. 2500 resistance. Ripple price started consolidating gains after it rallied towards the $0.
Ripple failed to stay above the $0. 2200 support and declined recently against the US Dollar. XRP price is showing bearish signs and it could continue to dive towards $0. 2000. Ripple price topped near the $0.
Ripple is up more than 10% and it broke the key $0. 2000 resistance area against the US Dollar. XRP price is showing positive signs, suggesting a similar breakout in bitcoin above $8,000. Ripple price succeeded in clearing a major resistance near $0.
Ripple started a downside correction from the $0. 2050 resistance against the US Dollar. XRP price tested the $0. 1900 support area and it is currently rising towards $0. 2000. Ripple price is trading nicely above the $0.
Ripple is rising steadily from the $0. 1680 support area against the US Dollar. XRP price is likely to rally 3%-4%, similar to the recent move in bitcoin and Ethereum. Ripple price is slowly gaining bullish momentum above the $0.
Ripple is up around 10% and it broke the key $0. 1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0. 2000. Ripple price started a strong rise above the $0.
Ripple is down more than 5% and it broke the $0. 1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0. 1450 and $0. 1420 support levels. Ripple price started a fresh decline from the $0.
Ripple is up more than 10% and it broke the $0. 1550 resistance region against the US Dollar. However, XRP price is lacking strength and pointing a fresh decrease in the near term. Ripple price is up more than 10% and it tested the $0.
Ripple is trading nicely above the $0. 1200 and $0. 1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0. 1600 resistance area. Ripple price is currently recovering from the $0.
Ripple started an upside correction from the $0. 2220 support area against the US Dollar. XRP price is now testing $0. 2450 and it must surpass $0. 2500 for a fresh rally to $0. 3000. Ripple price is currently recovering above the $0.
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Ripple gained recently and broke the $0. 2450 and $0. 2500 resistance levels against the US Dollar. XRP price is currently correcting, but it is likely to continue higher towards $0. 3000. Ripple price climbed higher and traded to a new monthly high at $0.
Ripple is slowly rising and it recently climbed above the $0. 2400 resistance against the US Dollar. XRP price remains in a steady uptrend and it is likely to continue higher towards $0. 3000. Ripple price is trading in an uptrend above $0.
Ripple is slowly rising above $0. 2300 against the US Dollar and following both Ethereum and bitcoin. XRP price is likely to continue higher towards $0. 2500 or $0. 2850 in the coming days. Ripple price is trading with a bullish bias above the $0.
Ripple extended its decline and broke the key $0. 2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0. 2050 or $0. 2000. Ripple price is gaining bearish momentum and it is now well below $0.
Ripple tested the key $0. 2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0. 2550 if it breaks $0. 2420. Ripple price is recovering nicely from the $0.
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