Contents
Ripple remained stable above $ 0.50. XRP rose above $ 0.6000 against the dollar. XRP price tested $ 0.6500. It is likely that the price will continue to rise in the near term.
Will Ripple start a new surge?
Ripple started a new rise above the $ 0.5500 and $ 0.6000 resistance levels against the dollar.
The price is currently trading well above $ 0.5800 and the 100 simple moving average.
There was a break above a crucial contract triangle with resistance near $ 0.5480 on the 4-hour chart of the XRP / USD pair.
The pair is trading well above $ 0.6000. The price is likely to continue rising towards $ 0.6500 and $ 0.6800.
If Ripple fails to move its price above $ 0.6500, it may correct towards lower levels. Initial support on the downside is near the $ 0.5840 and $ 0.5800 levels.
The main support is currently located next to the broken triangle and around $ 0.5500. A downside break below the $ 0.5500 support zone could steer the price towards the $ 0.5200 zone.
Technical indicators
4-Hour MACD: The MACD for XRP / USD is gaining momentum in the bullish zone.
4-Hour RSI (Relative Strength Index): The RSI for XRP / USD is currently well above the 50 level.
Major Support Levels – $ 0.5850, $ 0.5650 and $ 0.5500.
Resistance Levels – $ 0.6200, $ 0.6500 and $ 0.7000.
