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Ripple price climbed higher steadily from the $0.3880 support area. XRP/USD broke the key $0.4010 resistance, while there was a strong jump in bitcoin price above $12,450.

  • Ripple price formed a bullish pattern and climbed above the $0.3980 and $0.4000 resistances.
  • XRP/USD is now trading well above a crucial bullish trend line with support near $0.4000 on the 30-minute chart.
  • The price is likely to break the $0.4120 and $0.4150 resistance levels in the near term.

Ripple Price

Ripple Price Analysis (XRP to USD)

Yesterday, we saw a strong recovery in ripple price from the $0.3740 support area. XRP/USD even broke the $0.4050 level before correcting lower. It tested the $0.3880 support area and it recently climbed higher once again, following a decent rise in bitcoin and Ethereum.

Ripple Price Analysis (XRP to USD)

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded nicely above the $0.3950 pivot level and settled above the 25 simple moving average (30-minute chart). The recent rise was positive since there was a close above the $0.4000 level.

The price even broke the 61.8% Fib retracement level of the last drop from the $0.4113 high to $0.3889 low. It set the tone for more gains and the price traded close to the $0.4100 level.

A swing high was formed near $0.4083 and the price is currently correcting lower. It is testing the 23.6% Fib retracement level of the recent wave from the $0.3932 low to $0.4083 high.


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An immediate support is near the $0.4025 and the 25 simple moving average (30-minute chart). However, the main support is near the $0.4000 level. It coincides with the 50% Fib retracement level of the recent wave from the $0.3932 low to $0.4083 high.

More importantly, there is a crucial bullish trend line forming with support near $0.4000 on the same chart. If there is a downside break below the trend line support and $0.3950, the price could revisit the $0.3880 swing low.

On the upside, an immediate resistance for ripple price is near the $0.4080 and $0.4100 levels. If XRP/SUD clears the $0.4100 resistance and $0.4120 pivot level, it could grind further higher towards the $0.4250 and $0.4320 levels.

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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