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- Ripple’s XRP is the best performing digital asset with over 30% of daily earnings.
- The price could continue to rise without barriers.
Ripple’s XRP is the best-performing digital asset in the top 10 on Saturday. The coin has gained over 30% in the past 24 hours, trading at $ 0.40 at the time of writing. The price reached $ 0.436, the highest level since July 2019, and the upward momentum is gaining ground
Ripple’s market value jumped to $ 18 billion, while its average daily trading volume stood at $ 10 billion. Bullish sentiments from the cryptocurrency market and positive technical factors have caused the price of the coin to rise since the beginning of the week.
XRP is unstoppable
From a technical standpoint, a sustainable move above $ 0.33 served as a robust bullish catalyst for the coin. The price got a significant increase that pushed it above $ 0.4. With little or no barrier on the way to the North, XRP / USD has the potential to revisit $ 0.45 before the end of the week.
XRP / USD, 12-hour chart
Ripple’s daily confluence chart shows several groups of downward support levels. The first local barrier is approaching $ 0.4. It is the lowest level from the previous hour and an area of previous resistance. Once verified as support, the price will revert to new highs.
If canceled, the downward correction could be extended to $ 0.38, reinforced by the 1-day resistance of Pivot Point 3. Separate XRP from a deeper decline to $ 0.35 created by the 1-week Pivot Point Resistance 1 is the top line of the Bollinger Band.
Confluence levels of XRP
On the upside, the local barrier is seen approaching $ 0.43 (Pivot Point 1-week Resistance 3). Once out of the way, the upside is likely to take hold with the next focus on $ 0.45 and potentially $ 0.5.
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