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#Ripple Price Analysis

Ripple Price Analysis: Will XRP recover?

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Ripple is currently in recovery mode with the price starting to gain momentum above $0.3. The price may recover higher in short-term.

Technical Indicators:

Support Level: $0.29
Resistance Level: $0.31

 

Key Points:

  • Ripple was facing a bearish momentum from the past couple of weeks but recently started to correct upwards against USD.
  • Ripple broke the key resistance around $0.3 to move upwards on the 24-hour chart.
  • Ripple price is likely to recover above $3.05 and face the new key resistance around $3.1 and $0.32.

Ripple is currently in recovery mode with the price starting to gain momentum above $0.3. The price may recover higher in short-term and will likely face the resistance between $0.31 and $0.32.

 

Ripple Price Analysis

Ripple formed a new support around $0.29 and started to recover above $0.3. The coin is currently in a positive zone and likely to show more recovery against USD. As the price is moving upwards there are quite a few supports between $0.29 and $0.3 which are helping the price to recover.

XRPUSD monthly chart

XRPUSD monthly chart

As long as the support above $0.29 is robust, the price will recover more. The key resistance is at $0.31 and Ripple may try to break this point in short-term and will likely move above this range if the buyers remain in pace. In the monthly chart, however, Ripple is still in a bearish zone and may not be able to recover back to its monthly high for a long time. Ripple is currently trading at $0.30801 whereas the monthly high is above $0.52 which is nearly impossible to reach in short term.

 

 

Note: The following article is not a financial advice and only depicts the viewpoints of the writer. The readers are advised to do their own research and analysis before investing or trading in any digital assets such as XRP. 

#Ripple Price Analysis

Ripple Price Analysis: Is the XRP Bull Rally Over?

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Ripple price began a bullish trend before cutting a large portion of its increases against the US Dollar as well as bitcoin.

Technical Indicators

Support Level – $0.3100

Resistance Level – $0.3350

  • Ripple price moved upwards and broke the $0.3400 resistance level before the selling pressure increased.
  • The price went to the $0.3460 level and later began a sharp drawback.
  • Yesterday’s bullish pattern line is flawless with support around $0.3190 and $0.3200 on the hourly chart of the XRP/USD.
  • The price is likely getting ready for a new upward move if it is able to stay above the $0.3100 support.

Ripple price began a bullish trend before cutting a large portion of its increases against the US Dollar as well as bitcoin. XRP stays supported on the drawback above $0.3100.

 

Ripple Price Analysis

Ripple price over the $0.3200 resistance territory yesterday. The XRP/USD pair picked up the pace and broke the $0.3300 and $0.3320 resistance levels. It even broke the $0.3400 resistance and spiked over the $0.3450 level. The price went close to the $0.3460 level and later began a sharp drawback. It declined underneath the $0.3320 support. Selling pressure was above to drove the price beneath the $0.3250 support region.

Ripple price discovered support close to the $0.3160 level. Yesterday’s bullish pattern line is flawless with support around $0.3190 and $0.3200 on the hourly chart of the XRP/USD pair. Underneath the pattern line, the next support is around $0.3135 level. The major support is close to the $0.3100 level and the 100 hourly SMA.

XRP price is probably going to find a lot of buyers around $0.3160, $0.3130 and $0.3100 support levels. However, if Ripple price breaks the $0.3100 support, the price may move in a bearish zone. If the price remains above $0.3100, it could begin a new upward move above $0.3300.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a gander at the chart, ripple price stays all around supported over the $0.3100 level. The major resistance is around $0.3350 level, above which Ripple price could test the $0.3400 resistance level in the short term.

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#Ripple Price Analysis

Ripple Price Analysis: XRP Ready for the Major Bull Run?

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Ripple price bounced above key resistance levels. XRP/USD is presently exchanging with a positive inclination and it could keep on ascending.

Technical Indicators

Support Level – $0.3100

Resistance Level – $0.3260

  • Ripple price moved into a bullish zone above $0.3100 against the US dollar.
  • Buyers were able to pick up force over the $0.3100 and $0.3150 resistance levels before sellers showed up around $0.3290.
  • There is a bullish pattern line formed with support close $0.3140 on the hourly chart of the XRP/USD.
  • The price is as of now redressing lower, yet it stays supported above $0.3160 and $0.3140.

Ripple price bounced above key resistance levels against the US Dollar and bitcoin. XRP/USD is presently exchanging with a positive inclination and it could keep on ascending towards $0.3300 and $0.3400.

 

Ripple Price Analysis

Ripple price picked up force above $0.3050 against the US Dollar. The XRP/USD pair began an uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair moved into a bullish zone over the $0.3100 resistance and the 100 hourly SMA. Buyers took control over the $0.3100 level, bringing about increases over the $0.3150 and $0.3200 resistance levels. The price exchanged near the $0.3300 resistance and another weekly high was formed at $0.3292.

Afterward, there was a sharp drawback rectification beneath $0.3260 and $0.3240. The price tested the $0.3160 support zone. Prompt support is close to the $0.3150-0.3160 zone. There is a bullish pattern line formed with support close $0.3140 on the hourly chart of the XRP/USD pair.

Buyers are probably going to stand firm close to the $0.3160 and $0.3150 levels. In the event that there are extra decays, the price could test the $0.3110 support. The main support is close to the $0.3095-0.3100 zone which was the past resistance level. To the upside, resistance is at $0.3220, above which the price may ascend towards $0.3260.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, Ripple price obviously moved into a bullish zone above $0.3100. In any case, buyers need to ensure decays beneath $0.3100. In the event that they come up short, the price may move in a bearish zone to $0.3000. This week, buyers could focus on the $0.3400 and $0.3500 resistance levels as long as the price is above $0.3095.

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#Ripple Price Analysis

Ripple Price Analysis: Is XRP actually bullish?

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Ripple price is holding a couple of essential supports. XRP is probably going to increase bullish force once buyers are able to break the $0.3080 and $0.3100 resistance levels.

Technical Indicators

Support Level – $0.2990

Resistance Level – $0.3080

  • Ripple price shaped strong support around $0.2940 and traded higher against the US dollar.
  • There was a break over two bearish pattern lines with resistance around $0.2980 on the hourly chart of the XRP/USD.
  • XRP tested the $0.3040 and $0.3050 resistance levels, where major selling pressure came in.
  • There could be a minor drawback correction before the price can actually spike above $0.3050 and $0.3080.

Ripple price is holding a couple of essential supports against the US Dollar and Bitcoin. XRP is probably going to increase bullish force once buyers are able to break the $0.3080 and $0.3100 resistance levels.

 

Ripple Price Analysis

After a couple of bearish moves, Ripple price shaped strong support around $0.2940 level against the US Dollar. XRP began a nice upside move and traded over the $0.2960 and $0.2980 resistance levels. It opened the entryways for more increases over the $0.2980 resistance. Afterward, Ripple price settled over the $0.3000 resistance and the 100 SMA.

Moreover, there was a break over two bearish pattern lines which were formed with resistance around $0.2980 on the hourly chart of the XRP/USD. The pair exchanged near the $0.3040 and $0.3050 resistance levels, where selling pressure increased. The primary support is close to the $0.3000 level, which was a critical resistance before.

The 100 hourly SMA is additionally close to the $0.2900 level to go about as strong support in the short term. To the upside, an underlying resistance is around $0.3050 level and next at $0.3080. The major resistance is near the $0.3100 level, above which buying pressure is probably going to increase.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, ripple price is by all accounts set pleasantly over the $0.3000 support. In any case, an appropriate break above $0.3040 and $0.3050 resistance levels is required for more gains. For the time being, there could be a couple of bearish moves, however, Ripple price is probably going to pick up pace above $0.3050 and $0.3080.

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