Ripple is showing several positive signs above $ 0.4200 against the US Dollar. It looks like XRP price will start a reasonable increase above the $ 0.4650 and $ 0.4800 resistance levels.

 

 

Ripple may rise

Ripple is holding the $ 0.4200 support level and showing positive signs against the US Dollar.

The price is above $ 0.4500 and the 100 simple moving average (4 hours).

There was a break above a key bearish channel with resistance around $ 0.4500 on the 4-hour chart of the XRP / USD pair (data source from Kraken).

The pair could start a strong increase if it clears the $ 0.4880 and $ 0.5000 resistance levels.

If Ripple fails to clear the $ 0.4800 resistance or $ 0.4880, it could initiate a new low. Initial support on the bearish side is near the $ 0.4540 level.

The first major support is near the $ 0.4500 level and the 100 simple moving average (4-hour). If there is a downside break below the $ 0.4500 support, the bears will likely aim to test the $ 0.4200 level.

 

Technical indicators

4-Hour MACD – The MACD for XRP / USD is slowly gaining momentum in the bullish zone.

4-Hour RSI (Relative Strength Index) – The RSI for XRP / USD is currently above the 50 level.

Major Support Levels – $ 0.4500, $ 0.4450 and $ 0.4200.

Major Resistance Levels – $ 0.4800, $ 0.4880 and $ 0.5000.

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