Ripple Price Analysis: XRP Trading Near Key Inflection Point

  • Ripple price seems to be struggling near the $0.3700 and $0.3740 resistances against the US dollar.
  • The price corrected lower recently, but it stayed above the main support at $0.3480.
  • There is a major bullish trend line forming with support near the $0.3510 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could either bounce back towards $0.3700 or decline below the $0.3480 support in the near term.

Ripple price is currently trading in a range against the US Dollar and bitcoin. XRP seems to be preparing for the next move either towards $0.3700 and $0.3740 or below the $0.3480 support.

Ripple Price Analysis

Recently, we saw a nice upward move above the $0.3500 level in ripple price against the US Dollar. The XRP/USD pair even broke the $0.3650 resistance and the 100 hourly simple moving average. It climbed towards the $0.3800 level, but struggled to hold gains above the $0.3740 resistance. Later, there were a couple of attempts to surpass the $0.3740…

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2019-04-09 05:00:43

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