Ripple price found support near the $0.3850 and $0.3900 levels. Bitcoin is gaining momentum, but it seems like XRP/USD is struggling to accelerate towards $0.4100 and $0.4125.

  • A fresh low was formed at $0.3841 before ripple recovered above $0.3920.
  • XRP/USD surpassed a crucial bearish trend line with resistance near $0.4020 on the 30-minute chart.
  • There could be more gains towards the $0.4125 or $0.4190 resistance level.

Ripple Price

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Ripple Price Analysis (XRP to USD)

In the past two sessions, there was a solid bounce in bitcoin price from the $10,000 support. Ethereum price also recovered above $292.00, but ripple price was not successful in recovering similar to BTC and ETH.

Ripple Price Analysis (XRP to USD) Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair spiked below the key $0.3900 support area traded to a new weekly low at $0.3841. Later, it started a decent recovery and climbed above the $0.3900 and $0.3920 levels.

The upward move gained pace above the 50% Fib retracement level of the last slide from the $0.4127 high to $0.3841 low. Moreover, the price surpassed a crucial bearish trend line with resistance near $0.4020 on the same chart.

It is now trading nicely above the $0.4000 level and the 25 simple moving average (30-minute chart). An immediate resistance is near the $0.4060 level plus the 76.4% Fib retracement level of the last slide from the $0.4127 high to $0.3841 low.

If there is an upside break above $0.4060, the price could test the $0.4100 and $0.4125 resistance levels. The next major resistance is near the $0.4190 level, which now coincides with the 1.236 Fib extension level of the last slide from the $0.4127 high to $0.3841 low.

Finally, a break above the $0.4200 barrier could kick start a fresh increase towards the $0.4500 resistance level in the coming days.

Overall, ripple price is trading with a positive bias above $0.4000, but it must gain traction similar to bitcoin and Ethereum. More importantly, a close above $0.4125 and $0.4200 is needed for a fresh rally towards $0.4400 and $0.4500.

The market data is provided by TradingView, Bitfinex.


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Posted by Dr. Latika Mehrotra

Ph.D in Data Mining, Blockchain enthusiast, and passionate about technology and science. Professor by profession and loves writing interesting articles about Cryptocurrencies, bitcoin, Ethereum, ripple, Forex and commodities.


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