XRP’s Bumpy Ride May Come to An End Soon Technicals Reveal New Bullish Wave, How High Will XRP Go?

ripple xrp price analysis

Ripple news today – XRP’s price is having a hard time surging against the US Dollar, meanwhile, BTC had an increment of 4% this morning. There is a possibility that the price of XRP might increase if it can crack the $0.3180 and $0.3200 resistances. From all indications according to XRP’s latest update, Ripple’s XRP price is having difficulty standing against the US dollar, although the price is battling a strong resistance near the $0.3200 and $0.3220 levels, currently, it is retaining the $0.3140 support area. There is a possibility of a persistent price surge if there is no bearish trend below $0.3140 and $0.3120. Although from the current XRP price analysis there is an obvious bullish trend building close at $0.3140 on the hourly chart of the XRP/USD pair.

Ripple News Today – Ripple Price Prediction – Ripple Price Analysis – XRP Declines After a Bullish Trend

Ripple’s XRP has had a good trade of about $0.3240 high and is presently experiencing a decline against the US Dollar. Whilst BTC price cracked the resistance level at $10,200 with a 4% increment in price value, Ethereum price is trading in the same range as XRP.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.232
-11.31%

The XRP/USD pair settled below the $0.3180 and $0.3160 levels. Although, the $0.3120 support hindered further losses and the price recovered recently. In a recent XRP news, it states that currency is doing fairly in the trade zone as the price is traded below the $0.3140 support.

The latest XRP price recovery is experiencing resistance near the $0.3180 level as the price traded above the $0.3140 and $0.3150 levels. Although there was a recess above the 23.6% Fib retracement level of the latest fall from the $0.3240 high to $0.3120 low, while the 50% Fib retracement level of the latest decrease from the $0.3240 high to $0.3120 low is standing in as resistance.

XRP Price Prediction – XRP News Today – XRP Latest Update – Ripple News Today –XRP vs USD

Hourly MACD – The MACD for XRP/USD is presently declining on its bullish trend. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is presently above the 50 levels and is increasing steadily. Major Support Levels – $0.3150, $0.3140 and $0.3120. Major Resistance Levels – $0.3200, $0.3220 and $0.3240.

According to XRP price prediction, a recess above the $0.3180 level will likely be to the advantage of the currency as there might be a price surge while the initial resistances on the upside are close to $0.3200 and $0.3220.

A possibility of an obvious recess above $0.3220 might get the currency ready for an upside around the $0.3300 and $0.3320 levels. On the downside, there is a rising bullish trend developing with support near $0.3140 on the hourly chart of the XRP/USD pair.

On that account, there is a possibility that a downside recess below the trend line support might get the currency to a new decline below $0.3140. There is a high-risk of a drastic loss occurring if the subsequent major support is at $0.3120,

From the XRP price analysis graph, the ripple price is trading above a major supports near $0.3140 and $0.3120. There are possibilities of a gradual increment above $0.3180 if there is no downside recess and should an uptrend occur, a close over $0.3220 is guaranteed.

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.

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