Ripple price is showing positive signs above the $0.3280 level against the US dollar. XRP price is gaining pace and it seems like the price may rebound towards the $0.3400 resistance.

  • There was a decent support formed near the $0.3220 level and the price recently recovered.
  • There was a break above a key bearish trend line with resistance near $0.3540 on the 30-minute chart.
  • XRP price is showing positive signs above $0.3300 and it seems like there could be more gains towards $0.3400.

Ripple Price

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Ripple Price Analysis (XRP to USD)

After a sharp downside correction, most cryptocurrencies (bitcoin, Ethereum, bitcoin cash, litecoin, cardano, tron and ripple) started consolidating losses. XRP price formed support above $0.3220 and $0.3240 and it recently climbed above $0.3280 and $0.3300.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as low as $0.3179 and later started consolidating losses. Later, there were swing moves near $0.3220 and $0.3240. Finally, there was a decent upward move above the $0.3280 resistance and the 25 simple moving average (30-minute chart).


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Besides, there was a break above a key bearish trend line with resistance near $0.3540 on the same chart. The price also climbed above the 23.6% Fib retracement level of the last drop from the $0.3633 high to $0.3179 low.

Ripple settled above the $0.3300 level and the 25 simple moving average (30-minute chart), which is a positive sign. The current price action is positive and it seems like the price may continue to rise towards the $0.3400 level.

The 50% Fib retracement level of the last drop from the $0.3633 high to $0.3179 low is also near the $0.3400 level to act as a strong resistance. The main resistance is near the $0.3460, which was a major support earlier and now it could act as a strong resistance.

Overall, the current price action is positive above the $0.3280 level and $0.3300. Ripple price might continue to climb towards $0.3400 or $0.3460. Conversely, a downside break below $0.3280 may push XRP towards $0.3220.

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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