Ripple price topped just above the $0.3500 and later declined heavily. XRP/USD could correct higher in the short term, but upsides are likely to remain capped near $0.3240.

  • Ripple price broke many important supports such as $0.3350 and $0.3240.
  • There is a major bearish trend line in place with resistance at $0.3200 on the 30-minute chart.
  • XRP tested the $0.3000 support area and it is currently consolidating gains.

Ripple XRP Price

Ripple Price Analysis

This past week, we saw a slow and steady rise above the $0.3200 resistance in ripple price. XRP/USD broke the $0.3240 resistance area to start a decent upward move. The price climbed above the $0.3350 and $0.3400 levels before sellers appeared just above the $0.3500 level.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair spiked above the $0.3500 level and traded as high as $0.3517 before starting a downside correction. The pair traded as low as $0.2995 and later started an upside correction.

It traded above the $0.3080 level and tested the 23.6% Fib retracement level of the last decline from the $0.3456 high to $0.2995 low. At the moment, it seems like there is a short-term breakout pattern in place with resistance near the $0.3100 level.

A proper close above the $0.3120 level and the 25 simple moving average (30-minute chart) could open the doors for more gains. There is also a major bearish trend line in place with resistance at $0.3200 on the same chart.


The next key resistance is near the $0.3220 level and the 50% Fib retracement level of the last decline from the $0.3456 high to $0.2995 low. The main resistance is near the $0.3240 level, which was a crucial support and it may now act as a hurdle for buyers.

Overall, ripple price is under pressure below the $0.3240 pivot level. As long as XRP is below the $0.3200 level, there are chances of more losses. The main support is near the $0.3000 level, below which there is a risk of a downside break below $0.2900.

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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