Ripple Price Analysis: XRP/USD Resuming Uptrend, Eyes $0.225

Ripple price rallied this week more than 10% to trade above $0.2200. XRP to USD corrected lower, but it is now resuming its upward move above the $0.2150 resistance.

Key Takeaways: XRP/USD

  • Ripple price is trading in a bullish zone above the $0.2100 pivot level against the US Dollar.
  • XRP/USD is following a crucial bullish trend line with support near $0.2070 on the 2-hours chart (data feed from Bitstamp)
  • Bitcoin price jumped recently and traded above the $8,400 resistance area.

Ripple Price Analysis

After forming a support base near $0.1900, ripple price started a strong rise above $0.2050. XRP to USD broke many hurdles near $0.2070 and $0.2100 to enter into a positive zone.

Ripple Price

Ripple Price

Looking at the 2-hours chart, ripple price even settled above the $0.2100 support level and the 50 simple moving average (2-hours, purple). Finally, there was a break above the $0.2220 resistance area and the price traded to a new 2020 high at $0.2254.

Recently, there was a sharp downside correction from the $0.2250 resistance area. Ripple price declined below the $0.2200 and $0.2150 support levels.

It even spiked below the $0.2100 level, but the $0.2070 area acted as a decent support. A low is formed near $0.2069 and the price is currently rising again. It tested the 50% Fib retracement level of the recent slide from $0.2254 to $0.2069.

A clear break above the $0.2180 resistance area is needed for more gains in the coming sessions. The $0.2180 level represents the 61.8% Fib retracement level of the recent slide from $0.2254 to $0.2069.

The next major hurdle above the $0.2180 level is at $0.2220, above which the bulls are likely to aim the $0.2250 resistance area.

Conversely, the price might struggle to break the $0.2180 resistance. On the downside, there are many supports near the $0.2100 area. Moreover, ripple is following a crucial bullish trend line with support near $0.2070 on the 2-hours chart.

Overall, ripple price is trading with a positive bias above $0.2100 and $0.2070. Therefore, there are chances of more gains above $0.2180 and $0.2220.

Live Ripple (XRP) Price:

1 XRP/USD =$0.2464 change ~ 2.46%

Coin Market Cap

$10.67 Billion

24 Hour Volume

$186.84 Million

24 Hour VWAP


24 Hour Change


Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide