Home / Ripple / A step higher to bring $ 0.4 in sight

A step higher to bring $ 0.4 in sight

  • Ripple maintained his position in the second position for the longest time in history.
  • Technical indicators are positive; the MACD maintains its position in the positive territory.

Ripple is constantly becoming the reference platform for digital banking solutions. The San Francisco-based company aims to become a global leader in cross payments and micropayments. Its solutions, RippleNet and xRapid are currently used by commercial banks and payment institutions around the world,

The official token of companies, XRP was one of the best performers in the market. Furthermore, the market capitalization XRP increased significantly, exceeding that of Ethereum. This time, Ripple maintained his position in the second position for the longest time in history.

Meanwhile, the price of Ripple is trading at $ 0.35 after exceeding the resistance of the trend line at $ 0.349. The asset could not maintain its positions during the declines of November 2018. In addition, new declines opened trading on Monday this week, with Ripple having yielded below $ 0.35 to form lows of $ 0.33.

There was a rebound from the lows above the resistance of the trend line mentioned above. The XRP / USD is currently trading between moving average support and resistance with the support of 100 SMA at $ 0.3526 while the longer term 200 SMA hinders the bullish movement at $ 0.3594. In addition, there will be greater resistance to the 50% retracement of Fibra between the highs of $ 0.37 and the lows of $ 0.3377.

The technical indicators are positive at the time of writing with the MACD holding position in positive territory and the RSI sitting at 50 percent. If XRP can move one step higher, preferably above the supply zone at $ 0.3750, $ 0.4 will be visible. This move will encourage buyers to increase their earnings revenue towards $ 0.5.

Read more:

Ripple XRP 8 pairs live on KuCoin: XRP USD ignores support

XRP / USD 15 chart


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