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

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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.

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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