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 $0.2300 resistance against the US dollar.
The price tested the $0.2350 resistance and it remains supported on dips.
There is a major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to rise further towards the $0.2450 and $0.2500 resistance levels in the near term.
Ripple Price Signaling More Upsides
Recently, there was a steady increase in bitcoin and Ethereum, which helped ripple in recovering above the $0.2250 resistance. XRP price followed a decent bullish past and surpassed the $0.2300 resistance.
Moreover, there was a close above the $0.2320 resistance and the 100 hourly simple moving average. A new weekly high is formed near $0.2359 and the price is currently correcting lower.
It traded below the 23.6% Fib retracement level of the recent wave from the $0.2259 low to $0.2359 high. An immediate support is near the $0.2310 level.
Besides, there is a major bullish trend line forming with support near $0.2305 on the hourly chart of the XRP/USD pair. The trend line support is also close to the 50% Fib retracement level of the recent wave from the $0.2259 low to $0.2359 high.
Ripple Price
On the upside, the $0.2350 and $0.2360 are initial hurdles for ripple bulls. If there is a clear break above $0.2360, the price is likely to continue higher towards the $0.2450 resistance.
The first major resistance is near the $0.2500 and $0.2550 levels. A successful daily close above the $0.2550 level may perhaps open the doors for a larger upward move towards the $0.3000 barrier in the coming days.
Correction Could Be Limited
If XRP starts a downside correction, the $0.2300 area might act as a strong support. If there are more losses, the next major support is seen near the $0.2250 level.
The 100 hourly simple moving average is also waiting near the $0.2240 level for ripple. Therefore, dips towards the $0.2250 and $0.2240 are likely to find a solid buying interest in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 60 level, with a minor bearish angle.
Major Support Levels – $0.2305, $0.2300 and $0.2250.
Major Resistance Levels – $0.2360, $0.2450 and $0.2550. 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.
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 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 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 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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