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Ripple price followed bitcoin and rallied above the $0.4420 resistance area. XRP corrected lower recently, but dips remain supported and the price seems to be eyeing more upsides above $0.4480.

  • The price recently gained nearly 10% and broke the $0.4210 and $0.4420 resistance levels.
  • XRP is currently trading inside a contracting triangle with support at $0.4300 on the 30-minute chart.
  • Ripple price is likely to accelerate higher once it clears the $0.4400 and $0.4480 resistances.

Ripple Price

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Ripple Price Analysis (XRP to USD)

This week, there was a strong upward move in ripple price from the $0.3760 swing low. XRP/USD rallied sharply and cleared many resistances, including $0.3850, $0.4020, $0.4120 and $0.4210.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair even broke the $0.4420 resistance level and the 25 simple moving average (30-minute chart). A new weekly high was formed at $0.4488 and the price recently corrected lower.


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It traded below the $0.4300 level, but the bulls defended the $0.4210 support area. As a result, there was a fresh increase above $0.4300 and the 50% Fib retracement level of the recent decline from the $0.4488 high to $0.4150 swing low.

The recent wave extended above the $0.4400 level, but the price failed to break $0.4410. The 76.4% Fib retracement level of the recent decline from the $0.4488 high to $0.4150 swing low also prevented gains.

At the moment, the price is trading inside a contracting triangle with support at $0.4300 on the same chart. It seems like the bulls are sighting an upside break above the $0.4300 and $0.4400 levels.

A clear break above the triangle and the $0.4488 swing high could open the doors for a larger rally above the $0.4500 and $0.4600 levels. The next key resistances are near $0.4950 and $0.5000.

On the downside, the main support is near $0.4300 and the 25 simple moving average (30-minute chart). Below $0.4300, ripple is likely to find a solid buying interest near the key $0.4210 support area. Overall, dips remain supported in XRP/USD and the pair is likely to climb further above $0.4488.

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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