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Ripple price recovered nicely along with bitcoin and Ethereum. XRP/USD climbed towards the $0.3400 level and recently corrected lower towards the $0.3200 support area.

  • Ripple price climbed higher above the $0.3300 and $0.3350 resistance levels.
  • There is a connecting bearish trend line forming with resistance near $0.3305 on the 30-minute chart.
  • XRP/USD could continue to rise if it surpasses the $0.3305 and $0.3330 resistance levels.

Ripple Price

Ripple Price Analysis (XRP to USD)

Recently, there was a decent upward move in bitcoin, ripple, and Ethereum. XRP/USD climbed higher above the $0.3300 and $0.3350 resistance levels, and even traded above the $0.3400 level.

Ripple Price Analysis (XRP to USD) Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as high as $0.3409 and recently started a downside correction. There was a break below the $0.3300 level and the 25 simple moving average (30-minute chart).

However, the price found support near the $0.3200 level and a swing low was formed at $0.3197. The price is currently rising and it cleared the $0.3245 resistance plus the 23.6% Fib retracement level of the downward move from the $0.3409 high to $0.3197 low.

Moreover, there was a break above the $0.3280 level and the 25 simple moving average (30-minute chart). However, the upward move faced resistance near the $0.3300 level.


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The 50% Fib retracement level of the downward move from the $0.3409 high to $0.3197 low is also acting as a resistance. Additionally, there is a connecting bearish trend line forming with resistance near $0.3305 on the same chart.

Therefore, a successful break above the $0.3305 and $0.3310 levels might start a fresh increase. An immediate resistance is near the $0.3330 level, above which ripple price will most likely climb towards the $0.3400 and $0.3420 levels.

On the other hand, if ripple price fails to surpass the trend line and the $0.3330 resistance, there could be another slide. An immediate support is near the $0.3255 and $0.3245 levels. If XRP/USD continues to slide, it could revisit the $0.3200 support area. The next important support is near the $0.3120 level.

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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