Ripple price is following a bullish path and it recently broke the $0.4700 resistance. XRP is likely to continue higher and it could rise sharply above the $0.4800 resistance.

  • There was a steady rise after ripple price tested the $0.4460 support area.
  • XRP broke a bearish trend line at $0.4705 and it is testing another at $0.4740 on the 30-minute chart.
  • The bulls are likely to remain in action and there could be more upsides above $0.4800.

Ripple Price

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Ripple Price Analysis (XRP to USD)

In the past few hours, bitcoin price regained strength above $11,000 and lifted the market sentiment for both Ethereum and ripple. XRP price remained well bid above $0.4500 and it recently traded above the $0.4600 resistance level.

Ripple Price Analysis (XRP to USD)

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair formed a swing low at $0.4462 and it recently traded above the $0.4600 level. There was even a close above the $0.4620 level plus the 25 simple moving average (30-minute chart).

The bulls even pushed the price above the 50% Fib retracement level of the drop from the $0.4890 high to $0.4462 low. Moreover, the price surpassed a major bearish trend line at $0.4705.

It opened the doors for more gains and the price tested the $0.4780 area and another bearish trend line on the same chart. The price topped at $0.4779 and it is currently correcting lower.

Ripple traded below the $0.4720 level and the 23.6% Fib retracement level of the recent wave from the $0.4462 low to $0.4779 high. However, the $0.4700 level is acting as a support along with the 25 simple moving average (30-minute chart).

On the upside, a break above the trend line and $0.4800 could boost the market sentiment. In the mentioned case, the price is likely to start a fresh increase towards the $0.5000 level. An intermediate resistances are near $0.4880 and $0.4940.

The overall market sentiment is positive, with bullish moves in bitcoin, ripple, ether, cardano and other major cryptocurrencies. Therefore, XRP is likely to steadily rise towards $0.5000 in the near term.

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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