Ripple Price Analysis: XRP/USD gaining momentum, 17 August.

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Ripple Price Key Features

  • Ripple price is moving higher and it has settled over the $0.2800 and $0.2900 resistances against the US dollar.
  • Yesterday’s featured key bearish pattern line is nearly broken close $0.3020 on the hourly chart of the XRP/USD combine (information source from Kraken).
  • The combine is probably going to pick up force over the $0.3020 and $0.3080 levels in the close term.

Ripple price is increasing bullish force against the US Dollar and Bitcoin. XRP/USD could keep on moving higher once it settles above $0.3020.

Ripple Price Pattern

Amid the previous two sessions, there were sure moves in Ripple price over the $0.2700 level against the US Dollar. The XRP/USD combine exchanged higher and broke the $0.2800 and $0.2900 resistance levels. It even settled above $0.2900 and the 100 hourly basic moving normal. In addition, there was a break over the 38.2% Lie retracement level of the last decay from the $0.3575 high to $0.2466 low.

The present price activity shows that ripple price could keep on moving higher above $0.3020. At display, yesterday’s featured key bearish pattern line is nearly broken close $0.3020 on the hourly chart of the XRP/USD match. Also, the half Lie retracement level of the last decay from the $0.3575 high to $0.2466 low is at $0.3020. In this way, Ripple price is probably going to quicken higher once it settles over the $0.3020 resistance. The following obstacle for purchasers is close $0.3150, which is the 61.8% Lie level. The last focus for purchasers could be $0.3300, which is the last swing high.

XRPUSD Price Chart 17 August
XRPUSD Price Chart 17 August

Taking a gander at the chart, ripple price is situated pleasantly over the $0.2800 support for more picks up. In the event that there is a drawback rectification, the $0.2850 support and the 100 hourly SMA are probably going to hold misfortunes.

Taking a gander at the specialized markers:

Hourly MACD – The MACD for XRP/USD is put pleasantly in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well over the 50 level and is moving higher.

Real Support Level – $0.2800

Real Resistance Level – $0.3020

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