Ripple Price Is Preparing For A Run To $0.22: Can XRP Bulls Make It?

This morning, the Ripple XRP news show that there are positive signs above the key $0.1920 resistance area against the US dollar. From what we can see, the Ripple price is preparing for a jump and is likely to continue higher towards the $0.21 and $0.22 levels soon.

Right now, the first line of resistance lies at $0.2050. In order for this level to be achieved, the XRP price needs to breach through the $0.20 mark which has been a psychological mark for the coin for some time now.

In the past few sessions, the Ripple price followed a bullish path above $0.1850, similar to Bitcoin (BTC) and Ether (ETH). The Ripple price is preparing for a new rally after gaining bullish momentum and being able to clear the key $0.1900 and $0.1920 resistance levels.

We could notice a major close in the cryptonews when the token positioned itself above the $0.1900 pivot level and the 100 hourly simple moving average. This opened the doors for more gains and the price rallied towards the $0.2000 level.

A high is formed near $0.2000 and the price corrected lower. It traded below the $0.1950 level, plushing the 23.6% Fib retracement level of the upward move from the $0.1857 low to the $0.2000 high.

Still, XRP remained well bid above this ($0.1920) level and the 50% Fib retracement level of the upward move, where it positioned itself in a strong momentum. Now, it seems like there is a major bullish trend line forming and the Ripple price is preparing for a new swing above $0.2 on the hourly chart of the XRP/USD pair.

In addition to this, we can see that the Ripple XRP price is rising and approaching the $0.1965 resistance. The main resistance for bulls still lies near the $0.2000 level. If there is a successful close above the $0.2000 level, the price of this coin will likely surge towards the $0.2050 and $0.2120 levels.

XRP is clearly following a decent bullish path above the $0.1920 support line. The main support now is near $0.1880 and the 100 hourly simple moving average. The technical indicators are as following:

• Hourly MACD – The MACD for XRP/USD is ready to take a swing in the bullish zone.
• Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level.
• Major Support Levels – $0.1920, $0.1900 and $0.1880.
• Major Resistance Levels – $0.1965, $0.2000 and $0.2050.