Ripple Price Analysis: XRP/USD Broke Key Resistance, Could Test $0.3400

Key Highlights

Ripple price modelled a decent buoy near the $0.3200 grade and climbed higher against the US dollar. There was a interruption above a major bearish trend line with resist at $0.3240 on the hourly graph of the XRP/ USD duo( data source from Kraken ). The pair is moving highest and it seems like it could test the $0.3400 statu in the near call.

Ripple price is descending higher against the US Dollar and Bitcoin. XRP/ USD is likely to slowly rise towards the $0.3400 and $0.3450 fighting levels.

Ripple Price Support

After testing the $0.3120 substantiate once again, Ripple price recovered higher against the U s dollars. The XRP/ USD duo transactions above the $0.3200 height and too organized a decent subscribe base near $0.3190 -0. 3200. Afterward, the price started a fresh upside move and transactions above the 23.6% Fib retracement grade of the last slip from the $0.3541 high to $0.3090 low.

The price too traded above the $0.3250 resist and the 100 hourly simple-minded moving average. More importantly, there was a shatter above a major bearish trend line with fighting at $0.3240 on the hourly planned of the XRP/ USD duo. The duo sold above the $0.3260 height and is currently trading in a positive zone. The immediate defiance is $0.3315 and the 50% Fib retracement stage of the last move from the $0.3541 high to $0.3090 low-grade. A smash above $0.3315 may perhaps open the doors for a pushing towards the $0.3400 defiance. If there is a downside chastening, the $0.3250 and $0.3200 grades are likely to act as supports.

Ripple Price Analysis XRP USD

Looking at the chart, ripple cost is selling with a positive bias above $0.3200. The recent transgres is signaling more upsides above the $0.3300 and $0.3350 tiers in the very near term.

Looking at the technical indicators ūüėõ TAGEND

Hourly MACD- The MACD for XRP/ USD is slowly gaining speed in the bullish zone.

Hourly RSI( Relative Strength Index)- The RSI for XRP/ USD is now well above the 60 level.

Major Support Level- $0.3200

Major Resistance Level- $0.3400

The post Ripple Price Analysis: XRP/ USD Broke Key Resistance, Could Test $0.3400 sounded first on NewsBTC.

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