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#Ripple Price Analysis

Ripple Price Analysis: Will XRP Rise or Fall?

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Technical Indicators

Support Level – $0.3250

Resistance Level – $0.3345

  • Ripple price remained over the $0.3200 support level, with a positive inclination against the US dollar.
  • The current week’s pursued key bullish pattern line is set up with support close $0.3250 on the hourly chart of the XRP/USD pair.
  • The pair must remain over the $0.3250 and $0.3220 support levels to keep away from a drawback break.
  • On the upside, a break over the $0.3300 and $0.3345 resistance levels could start a rally.

Ripple price is solidifying above key supports against the US Dollar and bitcoin. XRP/USD needs to conquer merchants close $0.3345 to move higher indeed in the close term.

Ripple Price Analysis

Ripple price started a downward correction yesterday from $0.3460. XRP declined underneath the $0.3300 and $0.3200 support levels. The decline was quite strong, yet the $0.3150 support proved strong enough to stop further losses. The price did not close underneath $0.3150 and stayed well over the 100 hourly SMA. A daily low was formed at $0.3158 and the price then began a new upward move.

Afterward, there was a spike over the $0.3300 resistance level but the price did not close over the $0.3300-0.3310 resistance zone. On the upside, there are two associating bearish pattern lines formed with resistance close $0.3280 on the hourly chart of the XRP/USD. Buyers need to break the $0.3280 and $0.3300 levels to begin a new upward move.

The current week’s bullish pattern line is formed with support at around $0.3250. If there is a downside break underneath the $0.3250 and $0.3220 supports, there could be more losses ahead. The next key support is around $0.3160 and the 100 hourly SMA.

XRPUSD Price Chart

XRPUSD Price Chart

Taking a look at the chart, ripple price is either going to break above $0.3300 or beneath $0.3220. The present price activity is somewhat bearish, with odds of a break beneath $0.3320. If Ripple price is able to stay above $0.3160, there are good chances of the price moving above $0.3350.

#Ripple Price Analysis

XRP to USD, 15th May: Ripple Price Analysis, Can it rise ahead?

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Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200.

Technical Indicators:

Support Levels: $0.4220, $0.4200, $0.4000

Resistance Levels: $0.4400, $0.4500, $0.4600

 

Key Points:

  • Ripple price gained more than 15% in the last 24 hours before correcting a few points downwards.
  • XRP broke above $0.4220 resistance level and even moved over the $0.4300 resistance level to record a new yearly high around $0.4480.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.4080.
  • The current momentum seems positive and Ripple price might soon test $0.4600, $0.4800 and $0.5000 levels.

Ripple Price Analysis:

SUMMARY: Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200 and will most likely move above $0.4500 and $0.4600 levels soon.

 

Ripple price started a sharp bull run after breaking through $0.3500 resistance level. The bulls were able to move XRP price above many resistances such as $0.3700 and $0.3800 and the price even settled above the 100 hourly SMA. XRP has recorded a gain of more than 40% in just 3 days. Ripple price recently broke above $0.4000 level above which the bulls got ever stronger.

XRP broke above the $0.4200 resistance level to record a new yearly high at around $0.4480. Ripple price is currently supported at around $0.4220 which was the previous resistance zone. Below this, XRP is supported at $0.4200 and $0.4000.

The current resistance is at $0.4500 level above which Ripple price might test the $0.4600, $0.4800 and even $0.5000 levels in the coming few days. However, if XRP moves below $0.4000 level, the overall momentum might turn bearish.

 

XRP to USD Price Chart 15th May

XRP to USD Price Chart 15th May

The chart shows that Ripple price is currently trading with a bullish momentum above $0.4200 support level. If the bears start to act, XRP might soon fall back below $0.4000 level to turn bearish. However, as long as Ripple price remains above $0.4000 level, it might soon test $0.4500, $0.4800 and even $0.5000 levels in the next few days.

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#Ripple Price Analysis

XRP to USD, 14th May: Ripple Price Analysis, Are the bulls back?

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Technical Indicators:

Support Levels: $0.3650, $0.3550, $0.3500

Resistance Levels: $0.3750, $0.3800, $0.3900, $0.4000

 

Key Points:

  • Ripple price surged massively breaking above $0.3150, $0.3200 and $0.3300 resistance levels.
  • XRP was even able to break and settle above the $0.3500 resistance level and even tested the $0.3750 resistance.
  • Ripple price recorded a high at $0.3778 and is currently gaining force in order to move towards $0.4000 and $0.4200 levels.

 

Ripple Price Analysis:

SUMMARY: Ripple price gained bullish momentum over the $0.3500 level. XRP is currently trading well above $0.3650 and moving towards $0.3750 and $0.3800 levels.

 

After being able to close above the $0.3000 resistance level, Ripple price started to surge massively following the bitcoin surge. The bulls were able to break above $0.3100, $0.3200, $0.3300 and even $0.3500 resistance levels very easily with XRP gaining more than 21% in the last 24 hours. The major bull run started after XRP closed and settled above $0.3200 and the 100 hourly SMA.

 

Ripple price soon moved over the $0.3550 and $0.3600 resistance levels and tested and moved over the $0.3750 resistance level to record a high at $0.3778. At this point, the sellers started to emerge and XRP corrected a few points downwards. However, it is currently well supported around $0.3650 and $0.3550.

 

On the downside below $0.3550, Ripple price is well supported at $0.3400 and $3200 levels. The current resistance lies around $0.3750 and $0.3800 above which XRP will most likely test the $0.4000 and $0.4200 levels.

 

XRP to USD Price Chart 14th May

XRP to USD Price Chart 14th May

The chart shows that XRP is clearly in a bullish momentum over the $0.3500 support level. There are high chances for Ripple price to soon test and move above $0.4000 and $0.4200 levels.

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#Ripple Price Analysis

XRP to USD, 13th May: Ripple Price Analysis, What’s Next?

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Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3300 level.

Technical Indicators:

Support Levels: $0.3100, $0.3000

Resistance Levels: $0.3220, $0.3300, $0.3400

 

Key Points:

  • Ripple price started to rise upwards and broke above $0.3220 resistance zone.
  • XRP even broke above $0.3300 level tested the $0.3400 resistance level where a lot of sellers appeared and Ripple price started to correct downwards.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.3100.
  • There are chances that XRP might test the $0.3220 and $0.3300 resistance levels soon.

 

Ripple Price Analysis:

SUMMARY: Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3220 and $0.3300 levels.

 

Ripple price followed bitcoin this week and broke above $0.3100 resistance level to move into a positive zone. XRP was also able to break above $0.3220 resistance level. The bulls were able to move Ripple price above the 100 hourly SMA and $0.3350 level. XRP even tested the $0.3400 resistance level where a lot of sellers were placed and XRP started to correct downwards. Ripple price declined sharply and moved under the $0.3300 and $0.3200 support levels. XRP even tested the support at around $0.3050.

Currently, Ripple price is trying to gain momentum above the $0.3100 support level. The current resistance is around $0.3200 and $3220 levels above which XRP might test the $0.3300 and $0.3400 levels. Also, $0.3100 is currently acting as strong support below which Ripple price might test $0.3050 and $0.3000 levels. A bullish pattern is also being formed on the hourly chart with the support at around $0.3100.

 

XRP to USD Price Chart 13th May

XRP to USD Price Chart 13th May

The chart shows that Ripple price is currently well supported on the downside at $0.3100, $0.3050 & the 100 hourly SMA. As long as XRP is above the 100 hourly SMA, there are chances of a fresh bull run.

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