The latest Ripple news show that XRP has started an upward move above the The latest Ripple news show that XRP has started an upward move above the $0..
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1850 resistance area against the US dollar. Still, the Ripple cryptocurrency is struggling to gain momentum above the $0.1900 and $0.1920 resistance levels.
The price of XRP is showing positive signs above the $0.1850 pivot level against the US dollar. The bulls are still struggling to gain strength above the $0.1900 and $0.1920 levels. There is a connecting bullish trend line forming with support near $0.1850 on the hourly chart of the XRP/USD pair (according to Kraken).
After correcting lower, the Ripple cryptocurrency found support near the $0.1800 level. Also, the XRP price formed a support base above the $0.1820 level and recently started a decent upward move, following Bitcoin and Ethereum.
In an upward move, the Ripple (XRP) cryptocurrency climbed nicely above the $0.1850 resistance and the 100 hourly simple moving average. This is what opened the doors for more gains above the $0.1880 resistance level.
Ripple even broke the 61.8% Fib retracement level of the key decline from the $0.1951 high to the $0.1785 low. Now, the coin is trading above a major bearish trend line at $0.1880 on the hourly chart of the XRP/USD pair.
On the upside, we can see that the bulls are struggling to clear the $0.1910 and $0.1920 resistance area. The Ripple XRP news show that the $0.1785 may be acting as a stop to more gains, while the price is currently correcting lower below $0.1900 and testing the 100 hourly SMA.
On the downside, there is strong support forming near the $0.1850 level. The XRP price is also linked to a connecting bullish trend line which could initiate gains in the near term. If the Ripple bulls succeed, there are high chances of more upsides towards $0.1950. Now, the main resistance is placed near the $0.2000 level which has been watched out for months by traders and analysts supporting the Ripple cryptocurrency.
Meanwhile, the other altcoin news show that Bitcoin Cash (BCH) gained 2.41% to get closer to the $230 mark and Cardano (ADA) is the best performer in the top 20, rising by more than 6% to arrive at a price of $0.0375.
For Ripple (XRP), the technical indicators look like this:
- Hourly MACD – The MACD for XRP/USD is now visiting the bearish zone.
- Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now correcting in a lower margin towards the 50 level.
- Major Support Levels – $0.1880, $0.1850 and $0.1800.
- Major Resistance Levels – $0.1910, $0.1920 and $0.1950.
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