Ripple Price Analysis: XRP/USD Sighting Crucial Bullish Break Above $0.24


Ripple price is rising steadily and trading above the $0.2260 resistance area. XRP to USD is likely to aim a strong upside break above the $0.2400 and $0.2415 resistance levels in the near term.

Key Takeaways: XRP/USD

  • Ripple price started a steady rise from the $0.2129 swing low against the US Dollar.
  • XRP/USD surpassed a major hurdle near $0.2260 and a bearish trend line on the 2-hours chart (data feed from Bitstamp)
  • Bitcoin price is climbing and it recently surged above the $9,000 resistance area.

Ripple Price Analysis

After forming a support base above $0.2120 and $0.2140, ripple price started a fresh increase. As a result, XRP to USD climbed above the $0.2200 and $0.2220 resistance levels.

Ripple Price

Looking at the 2-hours chart, ripple price even settled above $0.2220 and the 50 simple moving average (2-hours, purple). It opened the doors for more gains above the $0.2250 pivot area.

More importantly, ripple price surged above a major hurdle near $0.2260 and a bearish trend line on the 2-hours chart. Finally, it broke the 61.8% Fib retracement level of the last major slide from $0.2415 to $0.2129.

However, the price is now facing hurdles near the $0.2340 and $0.2350 levels. It seems like the 76.4% Fib retracement level of the last major slide from $0.2415 to $0.2129 is acting as a key resistance for the bulls.

A successful break above the $0.2340 and $0.2350 resistance levels might set the pace for a larger rally. The next stop for ripple bulls could be near the $0.2400 level.

If the bulls are able to push the price above the $0.2400 and $0.2415 resistance levels, there are chances of a strong rise in the coming sessions.

Conversely, there could be a downside correction from $0.2350. An initial support is near the $0.2280 level. The main support is near the $0.2240 level and the 50 simple moving average (2-hours, purple).

If ripple price fails to stay above the $0.2240 support area, it could move back into a bearish zone. Overall, XRP is likely to rally if it clears the $0.2340 and $0.2400 resistance levels.

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

$0

24 Hour Change

$0.01

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