Ripple Price Seems Ready For Another High Above $0.19

The price of Ripple is showing a lot of positive signs lately and with the green turn on the market, it managed to surpass the $0.18 level and is now nearing the $0.19 levels. The Ripple XRP news today show that the Ripple price seems ready to breach higher and level up the new weekly high that it established near $0.1935.

riThere is also a major bullish trend line forming with support near $0.1850 on the hourly chart of the XRP/USD pair. From what we see now, the pair could start a fresh increase as long as it is above $0.1850 and $0.1840.

Anyways, what is interesting is that after trading to a new weekly low at $0.1740, XRP started a fresh rally following the footsteps of Ethereum and Bitcoin. The price of XRP surged above the $0.1800 and $0.1850 resistance levels to move back into a positive zone. Also, the cryptocurrency rallied above the $0.1900 resistance and settled above the 100 hourly simple moving average. This is how it traded to a new weekly high near $0.1935 and it is currently correcting lower.

Besides, we could notice a break below the 23.6% Fib retracement level of the recent rally from the $0.1740 low to $0.1935 high. Ripple is now approaching a major support near the $0.1850 level as well as the 100 hourly simple moving average (MA).

What is also in line with all of this as the Ripple price seems ready to breach high is the fact that there is a major bullish trend line forming with support near $0.1850 on the hourly chart of XRP/USD. Below the trend line, the next key support is near the $0.1840 level. In the meantime, the 50% Fib retracement level of the recent rally shows potential for the XRP price to bounce back above $0.1900 as long as it is trading above the $0.1840 support zone.

So, if Ripple XRP fails to stay above the key $0.1850 and $0.1840 support levels, there are definitely some chances of more losses in the near term. However, the Ripple price seems to be stabilizing and the next key support is seen near the $0.1810 level. The technical indicators are as following:

• Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
• Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
• Major Support Levels – $0.1850, $0.1840 and $0.1810.
• Major Resistance Levels – $0.1900, $0.1920 and $0.1950.

In the coming altcoin news, we can see that ETH and BCH are some of the coins that are preparing for an outbreak.