Ripple traded higher and broke the $0.2000 resistance following bitcoin price rise against the US Dollar. However, XRP is still facing many hurdles near $0.2100 and $0.2200.
Ripple is trading higher and it managed to clear the $0.1980 and $0.2000 resistance levels against the US dollar.
The price is currently facing a key resistance zone near the $0.2050 level.
There was a break above a major bearish trend line with resistance near $0.1980 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to struggle near the $0.2050 or $0.2100 resistance levels.
Ripple Price is Still in Downtrend
Recently, bitcoin gained bullish momentum and climbed sharply above $9,000, sparking an upward move in ripple above $0.1950. XRP price broke the $0.1980 resistance zone to move into a short term positive zone.
The bulls pushed the price above the 23.6% Fib retracement level of the main decline from the $0.2250 high to $0.1849 swing low. There was also a break above a major bearish trend line with resistance near $0.1980 on the hourly chart of the XRP/USD pair.
Ripple Price
Ripple is now trading above the $0.2000 level and the 100 hourly simple moving average. On the upside, an initial resistance is near the $0.2050 level. It is near the 50% Fib retracement level of the main decline from the $0.2250 high to $0.1849 swing low.
The next major resistance is near the $0.2100 zone (the last key breakdown zone. If XRP gains bullish momentum above the $0.2100 resistance, the bulls are likely to aim a test of the $0.2200 level in the near term. Any further gains might push the price into a strong uptrend and it could surge towards $0.2280 and $0.2350.
Another Decline in XRP?
If ripple fails to continue above the $0.2050 and $0.2100 resistance levels, there might be another decline. An initial support is near the $0.2000 level.
The first major support is near the 100 hourly SMA at $0.1970, followed by the $0.1950 pivot level. In case the price declines below the $0.1950 support, the bears are likely to aim a test of the $0.1850 low.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently losing momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level.
Major Support Levels – $0.2000, $0.1950 and $0.1920.
Major Resistance Levels – $0.2050, $0.2100 and $0.2200.
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Ripple builds energy to break higher A series of higher lows points to more upside The bullish case is valid as long as the price holds above $0. 3 Ripple is one of the major cryptocurrencies that rallied in 2023.
Ripple is currently correcting higher from the $0. 1783 low against the US Dollar. XRP price is showing positive signs, but it must surpass $0. 1850 to continue higher. Ripple slowly gaining traction and it is trading above the $0.
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Ripple surged higher recently above the $0. 2650 and $0. 2720 resistances against the US Dollar. XRP price remains well supported and it could soon rally to $0. 3000 if it breaks $0. 2810. Ripple price rallied to a new 2020 high at $0.
Ripple found support near the $0. 2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0. 2500 resistance to open the doors for more upsides. Ripple price is showing positive signs above $0.
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.
Over the past seven months, analysts have been wondering when the crypto market is going to revert back to a bull phase. Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not a Security You see, when Bitcoin started rallying from $4,000 higher in early-2019, analysts and investors thought this was the start... The post appeared first on NewsBTC.
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Ripple is grinding higher above $0. 1950 against the US Dollar, whereas bitcoin and Ethereum surpassed key hurdles. Therefore, XRP price is likely to climb above $0. 2000 and $0. 2100. Ripple price is showing positive signs above the $0.
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Ripple price is currently correcting higher from the $0. 1741 low against the US dollar. It seems like the bulls are struggling to clear the $0. 2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.
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Ripple price is down close to 10% and it even traded close to the $0. 2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0. 2180 and $0.
Ripple price is down 5% and it broke the key $0. 2420 support area against the US dollar. The price tagged the $0. 2350 support area and it is currently correcting higher. There is a new bearish trend line forming with resistance near $0.
Ripple price is currently correcting higher from the $0. 2460 support. XRP to USD is facing an uphill task near the $0. 2560 and $0. 2580 resistance levels. Key Takeaways: XRP/USD Ripple price is currently struggling to clear the $0.
Ripple price is currently correcting higher and is trading above $0. 2520 against the US dollar. The price seems to be approaching a major resistance area near the $0. 2600 level. This week’s crucial bearish trend line is intact with resistance near $0.
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Ripple price is currently correcting higher after a sharp decline to $0. 2500 against the US dollar. The price is showing positive signs and is trading nicely above the $0. 2720 level. Yesterday’s highlighted key bearish trend is active with resistance near $0.
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Ripple price is climbing higher and it recently surpassed the $0. 2950 resistance against the US dollar. The price is moving towards $0. 3000 and it could rally sharply above $0. 3020. There is a rising channel forming with support near $0.
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