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Main highlights
- The price of the waves rose further and exceeded the resistance of $ 0.3500 against the US dollar.
- C & # 39; is an uptrend line formed with support for $ 0.3415 on the hourly chart of the XRP / USD pair (data source from Kraken).
- The pair is currently correcting lower, but is likely to find support near $ 0.3410 and $ 0.3350.
The price of ripple is gaining pace against the US dollar while it is stable against and Bitcoin. The XRP / USD may fall by some points, but buyers retain control over $ 0.3300.
Price ripple support
There have been strong bullish swings in the price of Ripple above the support area of $ 0.3300 against the US dollar. The XRP / USD pair traded further and outperformed at $ 0.3500. The trend was positive and the price stabilized above the $ 0.3400 level and the 100-hour moving average. A new weekly maximum amounted to $ 0.3581 and thereafter the price started a downward correction
. It fell below the Fib retracement level of 23.6% from the minimum of $ 0.3248 to $ 0.3581. However, there are many supports on the negative side near the $ 0.3400 level. It is also a bullish trend line formed with support for $ 0.3415 on the hourly chart of the XRP / USD pair. The support of the trend line is just above the 50% Fib retracement level of the last round from $ 0.3248 low to $ 0.3581 high. If the price falls below support levels of $ 0.3410 and $ 0.3400, it could test the next support at $ 0.3350.
Looking at the chart, the price of the ripple is moving well in a bullish zone above the rotation zone of $ 0.3300. If there is an extended correction, buyers are likely to appear close to $ 0.3410 and $ 0.3350. On the upside, resistances are seen near $ 0.3500, 0.3580 and $ 0.3600.
Looking at the technical indicators:
MACD timetable – The MACD for XRP / USD is back in the bearish zone.
RSI Time (Relative Strength Index) – The RSI for XRP / USD is currently near level 50.
Major Support Level – $ 0.3410 [19659015] Main resistance level – $ 0.3580
