Ripple price succeeded in surpassing the key $0.3220 resistance zone against the US dollar. XRP is now following a decent bullish path and it may climb towards $0.3320 or $0.3345.

  • There was a steady rebound from the $0.3123 and $0.3172 swing lows.
  • A crucial ascending channel is forming with support at $0.3235 on the 30-minute chart.
  • XRP price could continue to recover and towards the channel resistance at $0.3320 or $0.3345.

Ripple Price

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Ripple Price Analysis (XRP to USD)

Yesterday, there was a sharp drop in ripple below the $0.3220 and $0.3205 support levels. XRP traded close to the $0.3120 support, formed a new weekly low at $0.3123, and recently started a slow and steady rebound above the $0.3200 level.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as low as $0.3123 and bounced back towards the $0.3220 resistance in the wave 1. Later, there was a minor dip towards the $0.3170 level in the wave 2.

A swing low was formed at $0.3172 and the price jumped above the $0.3220 resistance plus the 25 simple moving average (30-minute chart).  The third wave completed near the $0.3290 level and the price is currently trading in a tight range. Similarly, there were decent gains in bitcoin, ethereum, bitcoin cash, EOS and other altcoins.


It corrected below the 23.6% Fib retracement level of the recent wave from the $0.3172 low to $0.3290 high. On the downside, there are many supports near the $0.3240 and $0.3230 levels. More importantly, there is a crucial ascending channel forming with support at $0.3235.

The 50% Fib retracement level of the recent wave from the $0.3172 low to $0.3290 high is also near the $0.3230 level. Therefore, if the price corrects lower from the current levels, it is likely to find a strong buying interest above the $0.3230 level.

As long as ripple price is following the ascending channel with support at $0.3235, there are chances of further gains towards the $0.3300 and $0.3320 resistance levels. The next key resistance is near the $0.3345 level. On the other hand, a downside break below the channel support might push XRP price towards $0.3200 or even $0.3170.

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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