Ripple Price Follows Uptrend Above $0.3, Next Target At $0.35

The Ripple price follows a new uptrend above the $0.3000 region and is now holding a couple of important supports near $0.2980 and $0.2960 against the US dollar. The price is also facing a couple of hurdles near the $0.3020 and $0.3040 levels.

There is a key breakout pattern that is forming with resistance near $0.3010 on the hourly chart of the XRP/USD pair. As it stands, there could be a nice upward move once the price of XRP clears the $0.3020 and $0.3040 levels.

It all began yesterday, when the Ripple news showed a nice upward move above the $0.3000 resistance area against the US dollar. Moreover, the XRP price traded above the $0.3020 level and formed a new weekly high near $0.3056. Later, there was a downside correction below the $0.3020 and $0.3000 support levels.

As the Ripple price follows the new uptrend, we can see that it spiked below the $0.2980 support and had strong support in the $0.2950 area. There was a break above the 50% Fib retracement level of the downside correction from the $0.3056 high to a $0.2950 low. The Ripple price seemed to be facing a couple of hurdles near the $0.3020 level.

Things look good today as the Ripple price follows yesterday’s momentum and is trading at $0.3022 with a new 0.75% run. The market cap crossed billion and the 24 hour volume for XRP is now at .
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75 billion.

When seeing the supports, the $0.2980 area is still the strongest buy zone and a breakdown area. If there is a downside break below the $0.2980 support, the price could slide again towards the $0.2950 support and the 100 hourly SMA. Any further losses may perhaps push the price towards the $0.2920 region.

When looking at the XRP charts, we can see that the Ripple price follows a major support near the When looking at the XRP charts, we can see that the Ripple price follows a major support near the $0..
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2980 level. There are chances of an upside break above the $0.3020 and $0.3030 levels. If not, the price might start another decline in the $0.2950 and $0.2920 region.

The technical indicators for XRP right now are as following:

• Hourly MACD – The MACD for XRP/USD is right now (re)gaining its pace in the bullish zone.
• Hourly RSI (Relative Strength Index) – The RSI for the XRP/USD pair is barely staying above the 50 level.
• Major Support Levels – $0.3000, $0.2985 and $0.2970.
• Major Resistance Levels – $0.3025, $0.3030 and $0.3050.