Home / Ripple Price Predictions / Ripple Price Technical Analysis – XRP/USD Showing Positive Signs
Ripple Price Technical Analysis – XRP/USD Showing Positive Signs

Ripple Price Technical Analysis – XRP/USD Showing Positive Signs

Key Highlights

  • Ripple worth is recovering and simply these days moved above the $zero.2040 diploma in direction of the US Dollar.
  • Yesterday’s highlighted two bearish sample traces with resistance at $zero.2040 had been broken on the hourly chart of the XRP/USD pair (information provide from Kraken).
  • The worth is at current above the 100 hourly simple transferring widespread and $zero.2050, which is a constructive sign.

Ripple worth is gaining tempo in direction of the US Dollar and Bitcoin. XRP/USD could proceed to maneuver larger in direction of the $zero.2100 and $zero.2150 ranges.

Ripple Price Support

It seems to be like a decent recovery is triggered from the $zero.1970 swing low in Ripple worth in direction of the US Dollar. The worth has managed to maneuver above just a few important resistances resembling $zero.2000 and $zero.2030. There was a push above the 38.2% Fib retracement diploma of the ultimate drop from the $zero.2238 extreme to $zero.1900 low. It opened the doorways for further constructive facets, and the worth settled above the 100 hourly simple transferring widespread and $zero.2050.

The higher half was a break above yesterday’s highlighted two bearish sample traces with resistance at $zero.2040 on the hourly chart of the XRP/USD pair. The pair is now above the 50% Fib retracement diploma of the ultimate drop from the $zero.2238 extreme to $zero.1900 low. It could continue to gain pace in direction of $zero.2100 inside the near time interval. Any corrections or dips from the current ranges could uncover assist near $zero.2040 and the 100 hourly simple transferring widespread.

Moreover, the broken sample traces could current assist near $zero.2020 adopted by $zero.2000. Therefore, there are chances of additional constructive facets in XRP as long as the worth is above the $zero.2000 diploma.

Looking on the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining tempo inside the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is properly above the 50 diploma and transferring larger.

Major Support Level – $zero.2040

Major Resistance Level – $zero.2150

 

Charts courtesy – Trading View, Kraken

Disclaimer: The information contained herein is not assured, would not purport to be full and is strictly for information features solely. It should not be thought of funding/shopping for and promoting suggestion. All the info is believed to come back again from reliable sources. NewsBTC would not warrant the accuracy, correctness, or completeness of information in its analysis and subsequently will not be answerable for any loss incurred.

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Ripple Price Technical Analysis – XRP/USD Showing Positive Signs

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Ripple Price Technical Analysis – XRP/USD Showing Positive Signs

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