- The high prospect of XRP price rallying to a new 2020 high
- XRP price indicating an upside price action
Ripple Latest Update – XRP price has found support close to the $0.2460 area and recently surged against the US dollar. XRP price has exceeded the major $0.2500 resistance level to pave way for further upsides. Currently, XRP price is trading positively above $0.2500 and $0.2520 against the US dollar, the price has regained moderately after testing a major support level close to $0.2450 – $0.2460. There was a break above a key bullish momentum with resistance close to $0.2525 on the hourly chart of the XRP/USD pair. The XRP/USD pair might surge higher and it could attain a new 2020 high above $0.2650.
Ripple News – Recently, XRP price traded above the $0.2550 and $0.2600 resistance level. XRP price also attained a new 2020 high at $0.2614 before correcting lower. Afterward, XRP price declined below the $0.2550 and $0.2500 levels.
Nonetheless, the $0.2450 – $0.2460 area served as major support and the price stayed unwavering above the 100 hourly simple moving average. Subsequently, a low was establish close to $0.2466 and recently there was a new surge to the price.
Ripple News Update – XRP price broke the $0.2500 resistance area and the 50% Fib retracement level of the fresh decline from the $0.2614 high to $0.2466 low. XRP tested the 76.4% Fib retracement level of the fresh decline from the $0.2614 high to $0.2466 low. Currently, it is trading close to the same resistance area at $0.2520, which is serving as support to the price.
Meanwhile, on the upside, an early resistance is close to the $0.2550 level. If the bulls gain momentum above $0.2550, there are high possibilities of a moderate upward move towards the $0.2600 area. Any additional surge may push the XRP price to a fresh 2020 high above $0.2620.
XRP (XRP) Price Today – XRP / USD
XRP tradingview – If XRP bulls fail to retain the price above the $0.2500 level, there is a possibility of a downside move. Early support is close to the $0.2460 area. The major support is close to the $0.2450 level and the 100 hourly simple moving average. If the price fails to maintain its impetus above the 100 hourly SMA, XRP bears are likely to dominate the price, which might pull the price down below the $0.2400 support in the near term.
XRP tradingview – The MACD for XRP/USD pair is moving gradually to the bearish zone. The RSI for XRP/USD pair is currently decreasing and it is about to test the 50 levels. The major support levels are $0.2460, $0.2450 and $0.2400. While the major resistance levels are $0.2550, $0.2580 and $0.2620.