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 =$0.2041 change ~ -0.50%

Coin Market Cap

$8.84 Billion

24 Hour Volume

$255.09 Million

24 Hour VWAP


24 Hour Change


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Aayush J
Aayush is a Senior Cryptocurrency Strategist and Forex Expert who has a decorated history of over a decade in FinTech Markets and IT industries. As a financial markets contributor and observer, his primary focus is on specializing and sharpening his skillset inside the Technical Analysis arena and is well known for his informative and entertaining analytical skills inside the Bitcoin, Etheruem and crypto asset markets.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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