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Ripple price started a steady rise from the $0.3800 support area. XRP is now above $0.4000 and it might continue to rise above the $0.4100 and $0.4200 in the coming sessions.

  • The price is showing positive signs above the $0.4000 pivot level.
  • XRP is following an ascending channel with support near $0.4010 on the 30-minute chart.
  • Ripple price is gaining momentum and it could accelerate above the $0.4100 resistance.

Ripple Price

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Ripple Price Analysis (XRP to USD)

In the past few sessions, there was a sharp recovery in bitcoin price, Ethereum price and ripple price. XRP/USD formed a strong support base near the $0.3800 and $0.3850 levels. As a result, there was a steady rise above the $0.3900 and $0.3960 resistance levels.

Ripple Price Analysis (XRP to USD)

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair gained momentum after it broke the $0.3960 resistance area. Moreover, there was a close above the $0.4000 level and the 25 simple moving average (30-minute chart).

The price even spiked above $0.4100 and a new weekly high was formed at $0.4106. Recently, there was a downside correction below the $0.4040 level and the 23.6% Fib retracement level of the upward move from the $0.3835 swing low to $0.4106 high.


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On the downside, there are many supports above $0.4000 and the 25 simple moving average (30-minute chart). There is also an ascending channel in place with support near $0.4010 on the same chart.

If there is a downside break below the $0.4000 support, the price could test the $0.3970 level. It represents the 50% Fib retracement level of the upward move from the $0.3835 swing low to $0.4106 high.

The main support is near the $0.3940 level and a bullish trend line on the same chart. Moreover, the 61.8% Fib retracement level of the upward move from the $0.3835 swing low to $0.4106 high is also near the trend line.

Therefore, if there is a downside correction, the $0.4000 and $0.3940 levels are likely to act as strong buy zone for ripple in the near term. On the upside, the main targets could be $0.4150 and $0.4220.

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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