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

#NamePrice24H %
3
ripple
XRP(XRP)
$0.287
-0.94%

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.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.