- 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…
Read Full Story : NewsBTC