Ripple Price Analysis: XRP Sighting Bullish Break In Near Term

  • Ripple price is currently showing a few positive signs above the $0.2980 support against the US dollar.
  • Yesterday’s highlighted key declining channel is intact with resistance near $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to break the $0.3040 and $0.3060 resistance levels for a fresh upward move.

Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD could gain bullish momentum once it breaks the $0.3040 and $0.3060 resistance levels.

Ripple Price Analysis

In the past few days, there was a steady decline in ripple price from the $0.3180 swing high against the US Dollar. The XRP/USD pair traded below the $0.3120 and $0.3040 support levels. It even traded below the $0.3000 support to move into a bearish zone. There was a dip towards the $0.2940 level and the price settled below the 100 hourly simple moving average. A low was formed at $0.2939 and later the price started a short-term rebound. The price…

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2019-02-13 05:00:16

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