Ripple (XRP) Price Approaching Key Resistance, Can Buyers Make It?

  • Ripple price traded as low as $0.3134 and recently corrected higher against the US dollar.
  • The price broke the $0.3200 resistance area, but it is still below the key $0.3280 resistance.
  • Yesterday’s highlighted key bearish trend line is intact with resistance near $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair must break the trend line and $0.3300 to move into a positive zone.

Ripple price managed to recover a few points against the US Dollar, similar to bitcoin. XRP is currently trading above the $0.3200 level and it could attempt to break the $0.3280 resistance area.

Ripple Price Analysis

Recently, there was a downside extension below the $0.3200 support in ripple price against the US Dollar. The XRP/USD pair even traded below the $0.3150 level and formed a new weekly low at $0.3134. Later, the price started an upside correction above the $0.3140 and $0.3150 resistance levels. Buyers gained traction above the $0.3200 resistance and the 50%…

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2019-04-17 05:00:56

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