yobit.net вход yobit.net вход
XRP Price Analysis: Ripple Bulls ready for action? – Coinnounce

XRP Price Analysis: Ripple Bulls ready for action?

Technical Indicators

Support Level: $0.3080

Resistance Level: $0.3200

  • XRP price found good support around $0.3020 levels against the US dollar.
  • Yesterday’s declining channel was broken with resistance around $0.3110 on the hourly chart of the XRP/USD.
  • Ripple is as of now trading inside a transient triangle with resistance at $0.3155.
  • XRP price could move over the $0.3200 resistance level in short term.

XRP price is currently showcasing positive signs against the US Dollar as well as bitcoin. Ripple broke a major resistance and it could keep on ascending towards $0.3200 and $0.3250.

Ripple Price Analysis

Recently, we saw the XRP price decrease underneath the $0.3200 and $0.3150 supports against the US Dollar. Ripple pair even moved beneath the $0.3000 support and traded as low as $0.2980. Afterward, XRP price began an upward correction and moved over the $0.3050 resistance.

Later on, the price picked up momentum and broke the $0.3100 resistance and the 100 hourly SMA. In addition, yesterday’s declining channel was broken with resistance around $0.3110 on the hourly chart of the XRP/USD. Ripple tested the $0.3150 resistance. Right now, the XRP price is trading inside a transient triangle with resistance at $0.3155. A resistance is formed around $0.3185.

If there is a break over the $0.3200 resistance level, the price could keep on moving higher. The next resistance is close to the $0.3250 level. If the price neglects to move above $0.3150, it could decrease towards the $0.3050 support. The next support is at $0.3000, underneath which XRP price could turn bearish.

XRPUSD Price Chart

The chart shows that Ripple price is right now trading in a positive zone over the $0.3050 and $0.3080 supports. Buyers need to pick up pace above $0.3150 in order to move into a bullish zone in short term.

Layla Harding

View Comments

Recent Posts

Why Libra Cryptocurrency by Facebook is the Future for Global Payments

For the past six months and maybe even longer, Facebook has been eyeing the cryptocurrency industry in what many believe…

39 mins ago

Bitcoin Price Analysis 19 June, BTC to $10000 today?

General Introduction (Bitcoin Price): Yesterday (June 18), most of the top 20 cryptocurrencies report moderate losses on the day, given…

7 hours ago

Ethereum Price Analysis 19 June, Can ETH reach $305 today?

Ethereum ETH USD Dominant Trend: Bullish Resistance Levels: $285, $295, $305 Support Levels: $245, $235, $225 Ethereum (ETH) tried to…

7 hours ago

Ripple Price Analysis 19 June: XRP is Bullish

Ripple XRP USD Dominant Trend: Bullish Supply Levels: $0.47, $0.48, $0.49 Demand Levels: $0.39, $0.38, $0.37     The value…

7 hours ago

Five Reasons for the Current Rise of Bitcoin Price

During the course of the weekend, Bitcoin, the top cryptocurrency by market cap spiked to $9,000 for the second time…

23 hours ago

Litecoin Price Analysis, 18th June: LTC about to crash?

LTC/USD Dominant Trend: Bearish Resistance Levels: $145, $150, $155 Support Levels: $120, $115, $110   Litecoin Price Analysis Litecoin price…

1 day ago

This website uses cookies.