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.
Ripple is rising steadily above $0. 2800, while ETH and BTC rallied in the past three sessions against the US Dollar. XRP price is likely to continue higher towards $0. 2950 and $0. 3000. Ripple price is slowly climbing higher and it recently surpassed $0.
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.
As XRP held a 10-percent increase earlier today, the financial analytical agency Weiss Ratings tweets a higher rise might follow once Ripple has sold plenty of its XRP
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 trading nicely above the $0. 2200 and $0. 2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0. 2300 resistance area. There is a new connecting bullish trend line forming with support near $0.
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Ripple price is currently correcting from the new monthly low of $0. 2005 against the US dollar. The price might correct further higher, but the $0. 2270 resistance is a crucial hurdle for buyers.
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 failed to hold the key $0. 2850 support and extended its decline against the US dollar. The price is currently correcting higher, but it is likely to face sellers near $0. 2850 and $0.
The remittance industry is rapidly evolving: competition is fierce; urgency to quickly enter new markets has never been higher; and customers are demanding fast, low-cost global payments. As one of the world’s largest money transfer companies, MoneyGram is at the head of the pack—forging strategic partnerships and leveraging emerging technologies with the goal of improving … Continued
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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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Ripple price corrected lower recently and tested the $0. 2450 support area against the US dollar. The price is currently climbing higher and is trading nicely above the $0. 2500 level. There is a key bullish trend line forming with support near $0.
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