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Main highlights
- The price of undulations has recently gained momentum and has stood above the resistance from $ 0.3000 and $ 0.3200 against the US dollar.
- C & # 39; is a major new uptrend line in line with support for $ 0.3310 on the hourly chart of the XRP / USD pair (data source from Kraken).
- The pair remains well supported on the downside above $ 0.3200 and is in a bullish phase.
The price of the ripple is placed in a positive zone with respect to the US dollar and Bitcoin. The XRP / USD could continue to gain ground above the levels of $ 0.3400 and $ 0.3500.
Support for price ripple
Last week, there was a nice upward movement in the price of Ripple above the resistance level of $ 0.2800 compared to the US dollar. The XRP / USD pair gained traction and buyers managed to push the price above the resistance levels of $ 0.3000 and $ 0.3200. The price rose above the resistance level of $ 0.3500 and traded near the $ 0.3800 level. A maximum of $ 0.3765 was formed and subsequently the price was corrected lower.
It dropped below the support level of $ 0.3500 and tested the $ 0.3100-0.3200 support area. A minimum was formed at $ 0.3130 before the price started an upward move. It gained momentum and moved above $ 0.3400. Furthermore, there was a break above 50% of the Fibra retracement level of the last decline from $ 0.3765 upwards to $ 0.3130 below. At present the price is pleasantly traded above the levels of $ 0.3300 and $ 0.34000. On the upside, the price is likely to increase by more than $ 0.3520 for further gains. On the downside, there is a major new uptrend line in liaison with support for $ 0.3310 on the hourly chart of the XRP / USD pair
[19659008] chart, ripple is trading in an upward trend above the $ 0.3200 support. Buyers are likely to push the price above the levels of $ 0.3500 and $ 0.3700 in the short term
Looking at the technical indicators:
MACD timetable – MACD for XRP / L & # 39; USD is slowly moving into the bullish zone.
RSI Time (Relative Strength Index) – The RSI for XRP / USD is placed above the 50 level.
Major Support Level – $ 0.3200 [19659008] Main resistance level – $ 0.3500
