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Ripple Price Analysis: XRP/USD positive zone, 20 August.

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Ripple Price Key Features

  • Ripple price picked up force as of late and settled over the $0.3000 and $0.3200 resistances against the US dollar.
  • There is another critical associating bullish pattern line set up with support at $0.3310 on the hourly chart of the XRP/USD combine (information source from Kraken).
  • The combine stays all around supported on the drawback above $0.3200 and is put in an uptrend.

Ripple price is put in a positive zone against the US Dollar and Bitcoin. XRP/USD could keep on gaining footing over the $0.3400 and $0.3500 levels.

Ripple Price Support

This previous week, there was a decent upside move in Ripple price over the $0.2800 resistance level against the US Dollar. The XRP/USD match picked up footing and purchasers were effective in driving the price over the $0.3000 and $0.3200 resistance levels. Ripple price likewise moved over the $0.3500 resistance level and exchanged near the $0.3800 level. A high was shaped at $0.3765 and later the price adjusted lower.

It declined beneath the $0.3500 support level and tried the $0.3100-0.3200 support zone. A low was framed at $0.3130 before the price began an upside move. It picked up force and moved above $0.3400. In addition, there was a break over half Lie retracement level of the last decrease from the $0.3765 high to $0.3130 low. At the show, ripple price is exchanging pleasantly over the $0.3300 and $0.34000 levels. On the upside, the price is probably going to pick up force above $0.3520 for more picks up. On the drawback, there is another vital interfacing bullish pattern line set up with support at $0.3310 on the hourly chart of the XRP/USD combine.

XRPUSD Price Chart 20 August
XRPUSD Price Chart 20 August

Taking a gander at the chart, ripple price is exchanging an uptrend over the $0.3200 support. Purchasers are probably going to drive the price over the $0.3500 and $0.3700 levels in the close term.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for XRP/USD is gradually moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is set over the 50 level.

Real Support Level – $0.3200

Real Resistance Level – $0.3500

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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