XRP (XRP) Poised To Extend Gains As Bitcoin Shows Uptrend, How High Will XRP Go?

XRP (XRP) Poised To Extend Gains As Bitcoin Shows Uptrend, How High Will XRP Go?


In the ripple news today, Ripple (XRP) price increased its gains by trading above the $0.3220 resistance zone against the US Dollar, and the coin is set to experience more gains. The price of the coin peaked close to the $0.3240 level is correcting gains at the moment. By observing the hourly chart of the XRP/USD pair, there is a Bullish trendline forming close to the $0.3160 level. Although this Bullish support may be for a short-term. Since the price is currently trading above the $0.3120 support level, it may likely bounce back as soon as possible. Ripple price is currently sitting comfortably in a Bullish area above $0.3100 against the US Dollar. Bitcoin is trading above $10,000 as at the time of writing. The price of Ripple (XRP) could climb back above $0.3240 in the near future.

Ripple News Today – XRP Price Prediction – XRP Price Analysis – Ripple Price Analysis – Ripple Price Likely To Bounce Back – Ripple Latest Update

In ripple price analysis, Bitcoin, Ethereum, and Ripple (XRP) have risen steadily against the US Dollar in the last two sessions. The XRD/USD pair extended upwards beyond the $0.3120 and $0.3150 resistance levels. Additionally, there was a close above the $0.3150 level and the 100 hourly Simple Moving Average (SMA). The price of the coin later gained momentum and climbed above the $0.3200 and $0.3220 resistance levels. In the end, the price of Ripple tested the $0.3240 and was observed to have recently started a downside correction. A break was observed below the $0.3200 level and the 23.6% Fib retracement level of the last upward move from the $0.3065 low to the $0.3240 high. Moreover, the prices of that coin went down sharply below the $0.3160 level and tested the $0.3140 support area. The 50% Fib retracement level of the previous upward move from the $0.3065 low to the $0.3240 high was the support. There is a short-term Bullish trendline currently forming with support near $0.3160 on the hourly chart of the XRP/USD pair.

XRP (XRP) Price Today – XRP / USD

The pair might test the $0.3120 support level and it seems likely that they will break the trendline very soon. The 100 hourly chart is also close to the $0.3132, waiting to act as a support. The price of the coin is very likely to bounce back inasmuch as no close is experienced below $0.3120. On the chart, two important resistances are forming close to $0.3220 and $0.3240 on the upside. The price could sharply increase towards the $0.3300 and $0.3320 levels if an upside break eventually occurs at the $0.3400 level. For the Ripple (XRP) coin, the next key resistance is close to the $0.3400 mark. With observations from the coin’s chart, the coin price seems to be trading higher over a few key supports close to the $0.3140 and $0.3120 levels. The price of the coin will continue with its upward trend as far as no clear break is experienced below $0.3120. From the overall price performance of the coin, more gains above $0.3220 and $0.3240 are expected (Source: newsbtc.com).

From the hourly chart for Ripple (XRP), the MACD for the coin is poised for a move back into the Bullish zone. The hourly Relative Strength Index (RSI) for the XRP/USD pair is currently well below the 50 level. The Major Support Levels for the coin are $0.3150, $0.3140 and $0.3120, while the Major Resistance Levels are $0.3200, $0.3220 and $0.3240.

 




error: Content is protected