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 $0.2616 against the US dollar.
The price is currently correcting lower, but dips remain supported near $0.2480 and $0.2450.
There is a short term declining channel or a bullish flag forming with resistance near $0.2580 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to continue higher towards $0.2750 and $0.3000 in the coming days.
Ripple Price Could Surge Again
After forming a support base near the $0.2320 level, ripple started a fresh increase. XRP price broke many hurdles near the $0.2450 and $0.2500 levels to enter a positive zone.
Moreover, the price settled nicely above $0.2450 and the 100 hourly simple moving average. Finally, the price traded to a new monthly high at $0.2616 and it is currently correcting lower.
It broke the 23.6% Fib retracement level of the recent wave from the $0.2340 low to $0.2616 high. Ripple is now approaching the $0.2500 support area, where the bulls are likely to emerge.
More importantly, there is a short term declining channel or a bullish flag forming with resistance near $0.2580 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the recent wave from the $0.2340 low to $0.2616 high is also near the $0.2480 level.
Ripple Price
On the upside, an immediate resistance is near the $0.2550 and $0.2580 levels. A successful break above $0.2580 might start another surge above the $0.2600 level.
In the mentioned case, the price is likely to climb higher towards the $0.2650 and $0.2750 levels. The main target for the bulls could be $0.3000 in the coming sessions.
Importance of $0.2450
The previous resistance for ripple near $0.2450 is now a major support area. If there is a downside break below $0.2450 support, there is a risk of a larger decline in the near term.
The next support is near the $0.2420 level and the 100 hourly simple moving average. If the price fails to stay above the 100 hourly simple moving average, it could continue to move down towards the $0.2320 support.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now slowly moving in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 50 level, with positive signs.
Major Support Levels – $0.2500, $0.2480 and $0.2450.
Major Resistance Levels – $0.2550, $0.2580 and $0.2650. The post appeared first on NewsBTC. 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.
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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.
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 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.
Ripple is down more than 4% after it was rejected near $0. 2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0. 2230 and $0. 2200 support levels. Ripple price declined steadily after forming a short term top near $0.
Ripple is facing hurdles near the $0. 2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0. 2080 and $0. 2070. Ripple price is correcting lower after it failed to surpass the $0.
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