Ripple Price Analysis: XRP Breaks Key Hurdle, More Gains Seem Likely

  • Ripple price started a strong upward move above $0.2950 and $0.3000 hurdles against the US dollar.
  • The price rallied towards the $0.3420 level and recently corrected lower to $0.3020.
  • There was a break above a major bearish trend line with resistance near $0.2950 on the 4-hours chart of the XRP/USD pair (data source from Bitstamp).
  • The price is currently holding the key $0.3120, $0.3100 and $0.3075 support levels.

Ripple price finally climbed above $0.3300 against the US Dollar. XRP corrected lower sharply, but it held the key $0.3075 support and is currently moving higher towards $0.3400.

Ripple Price Analysis

In the past few days, there was a strong rise in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair formed a support base near the $0.2840 level and later started a decent upward move. During the rise, it broke the key $0.2900 and $0.2920 resistance levels to move into a positive zone. Besides, there was a close above the $0.3000 pivot…

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2019-05-13 08:08:39

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