Ripple Price Analysis: XRP/USD trekking higher, 27 August.

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Ripple Price Key Features

  • Ripple price framed a conventional support close to the $0.3200 level and moved higher against the US dollar.
  • There was a break over a major bearish pattern line with resistance at $0.3240 on the hourly chart of the XRP/USD pair (information source from Kraken).
  • The pair is moving higher and it appears as though it could test the $0.3400 level in the close term.

Ripple price is moving higher against the US Dollar and Bitcoin. XRP/USD is probably going to gradually ascend towards the $0.3400 and $0.3450 resistance levels.

Ripple Price Support

In the wake of testing the $0.3120 support indeed, Ripple price recuperated higher against the US Dollar. The XRP/USD pair exchanged over the $0.3200 level and furthermore shaped a not too bad support base close $0.3190-0.3200. Afterward, the price began a crisp upside move and exchanged over the 23.6% Lie retracement level of the last slide from the $0.3541 high to $0.3090 low.

Ripple price additionally exchanged over the $0.3250 resistance and the 100 hourly basic moving normal. All the more imperatively, there was a break over a major bearish pattern line with resistance at $0.3240 on the hourly chart of the XRP/USD pair. The pair exchanged over the $0.3260 level and is at present exchanging a positive zone. The quick resistance is $0.3315 and a half Lie retracement level of the last slide from the $0.3541 high to $0.3090 low. A tear above $0.3315 may maybe open the entryways for a push towards the $0.3400 resistance. On the off chance that there is a drawback redress, the $0.3250 and $0.3200 levels are probably going to go about as supports.

XRPUSD Price Chart 27 August
XRPUSD Price Chart 27 August

Taking a gander at the chart, ripple price is exchanging with a positive inclination above $0.3200. The ongoing break is flagging more upsides over the $0.3300 and $0.3350 levels in the close term.

Taking a gander at the technical pointers:

Hourly MACD – The MACD for XRP/USD is gradually picking up the pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is presently well over the 60 level.

Major Support Level – $0.3200

Major Resistance Level – $0.3400

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