Ripple is up more than 10% and it broke the $0.1550 resistance region against the US Dollar. However, XRP price is lacking strength and pointing a fresh decrease in the near term.
Ripple price is up more than 10% and it tested the $0.1720 resistance against the US dollar.
It is now showing a few bearish signs and trading below the $0.1650 level.
There is a key bullish trend line forming with support near $0.1570 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is likely to revisit the $0.1580 and $0.1550 support levels in the near term.
Ripple Price is Correcting Gains
In the past three sessions, ripple gained strength above the $0.1400 and $0.1450 resistance levels. XRP price surged above the $0.1500 resistance level to move into a short term positive zone.
Besides, there was a sharp move above the $0.1650 resistance and the price settled above the 100 hourly simple moving average. A new weekly high was formed near the $0.1720 resistance area.
Ripple is currently correcting lower and trading below the $0.1650 level. There was a break below the 23.6% Fib retracement level of the recent rise from the $0.1407 low to $0.1734 high. On the downside, an initial support is near the $0.1600 level.
The first major support is near the $0.1580 level. There is also a key bullish trend line forming with support near $0.1570 on the hourly chart of the XRP/USD pair.
Ripple Price
The trend line support is close to the 50% Fib retracement level of the recent rise from the $0.1407 low to $0.1734 high. Therefore, dips towards the $0.1600 and $0.1580 support levels are likely to find a decent buying interest.
Weak Price Action
Despite the recent rally, the current price is weak and suggests ripple might fail to start a fresh increase above the $0.1700 level. As stated, the main support area is now near the $0.1580 level.
If the bulls fail to keep the price above the $0.1580 and $0.1550 levels, there is a risk of a larger decline in the coming sessions. The next major support is near the $0.1450 level. Conversely, the bulls are likely to lead the price above the $0.1720 and $0.1780 levels.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level.
Major Support Levels – $0.1600, $0.1580 and $0.1570.
Major Resistance Levels – $0.1650, $0.1700 and $0.1720. origin »
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Ripple is up over 2% and it is showing positive signs above the $0. 2400 resistance zone against the US Dollar. XRP price is likely to accelerate gains if it clears the $0. 2500 resistance. Ripple price started consolidating gains after it rallied towards the $0.
Ripple failed to stay above the $0. 2200 support and declined recently against the US Dollar. XRP price is showing bearish signs and it could continue to dive towards $0. 2000. Ripple price topped near the $0.
Ripple is up more than 10% and it broke the key $0. 2000 resistance area against the US Dollar. XRP price is showing positive signs, suggesting a similar breakout in bitcoin above $8,000. Ripple price succeeded in clearing a major resistance near $0.
Ripple started a downside correction from the $0. 2050 resistance against the US Dollar. XRP price tested the $0. 1900 support area and it is currently rising towards $0. 2000. Ripple price is trading nicely above the $0.
Ripple is rising steadily from the $0. 1680 support area against the US Dollar. XRP price is likely to rally 3%-4%, similar to the recent move in bitcoin and Ethereum. Ripple price is slowly gaining bullish momentum above the $0.
Ripple is up around 10% and it broke the key $0. 1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0. 2000. Ripple price started a strong rise above the $0.
Ripple is down more than 5% and it broke the $0. 1550 support region against the US Dollar. However, XRP price is still trading nicely above the key $0. 1450 and $0. 1420 support levels. Ripple price started a fresh decline from the $0.
Ripple is trading nicely above the $0. 1200 and $0. 1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0. 1600 resistance area. Ripple price is currently recovering from the $0.
Ripple is showing signs of a decent recovery above $0. 1400 against the US Dollar. XRP price could attempt to surpass the $0. 1650 resistance and start a strong rise. Ripple price is facing a couple of key hurdles near $0.
Ripple started an upside correction from the $0. 2220 support area against the US Dollar. XRP price is now testing $0. 2450 and it must surpass $0. 2500 for a fresh rally to $0. 3000. Ripple price is currently recovering above the $0.
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Ripple gained recently and broke the $0. 2450 and $0. 2500 resistance levels against the US Dollar. XRP price is currently correcting, but it is likely to continue higher towards $0. 3000. Ripple price climbed higher and traded to a new monthly high at $0.
Ripple is slowly rising and it recently climbed above the $0. 2400 resistance against the US Dollar. XRP price remains in a steady uptrend and it is likely to continue higher towards $0. 3000. Ripple price is trading in an uptrend above $0.
Ripple is slowly rising above $0. 2300 against the US Dollar and following both Ethereum and bitcoin. XRP price is likely to continue higher towards $0. 2500 or $0. 2850 in the coming days. Ripple price is trading with a bullish bias above the $0.
Ripple extended its decline and broke the key $0. 2270 support against the US Dollar, similar to bitcoin below $8,500. XRP price is now at a risk of more losses towards $0. 2050 or $0. 2000. Ripple price is gaining bearish momentum and it is now well below $0.
Ripple tested the key $0. 2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0. 2550 if it breaks $0. 2420. Ripple price is recovering nicely from the $0.
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Ripple is facing hurdles near the $0. 2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0. 2080 and $0. 2070. Ripple price is correcting lower after it failed to surpass the $0.
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