Ripple Price Aims At Bigger Levels After Its Successful Close

The Ripple XRP price today is trading with a 1% increase compared to yesterday’s levels, showing that the momentum is solid and that the altcoin can finally reach the long-awaited $0.2000 levels. However, this is yet to happen as the Ripple price aims at bigger levels and the targets for XRP are now changed.

The good news is that XRP is trading nicely in a bullish zone above the $0.1950 levels against the US dollar. The signs of more upsides are constant and the $0.2000 levels can be definitely breached soon.

Also, we can notice a key support forming near the $0.1920 pivot level and as the XRP news today show, there is a major bullish trend line forming with support near $0.1955. All of this signals how the Ripple price aims at bigger levels on the hourly chart of the XRP/USD pair. The pair is likely to continue higher above $0.2000 once it passes it – as long as it is trading above the $0.1920 pivot level.

There was also a break above the $0.1980 weekly resistance area. We can see that the Ripple price aims at bigger levels after it settled nicely in a positive zone above the 100 hourly simple moving average, similar to Bitcoin (BTC) and Ethereum (ETH).

Speaking of which, while the BTC and ETH news are showing tranquility, there is a major potential for Ripple right now. The first major support is near the $0.1965 level and the next major support is seen near the $0.1955 level. Besides, there is a major bullish trend line that is also forming near $0.1955 on the hourly chart of the XRP/USD pair.

If all goes well, we could see how the Ripple price aims at $0.2000 and above. A successful break like this would follow with more gains. The escalation may turn to a strong rise, helping the XRP price extend the gains above $0.2050, above which the price might also rally towards $0.2120.

On the downside, XRP is well supported and the first line of support starts with $0.1965 and $0.1950. The 100 hourly simple moving average is also positioned near $0.1945 to provide support. The technical indicators today are as following:

• Hourly MACD – The MACD for XRP/USD is now actively building momentum in the bullish zone.
• Hourly RSI (Relative Strength Index) – The Ripple price aims at higher levels and the RSI for XRP/USD is solid above the 55 level.
• Major Support Levels – $0.1965, $0.1955 and $0.1920.
• Major Resistance Levels – $0.2000, $0.2020 and $0.2050.