Ripple rise over 10% and climbed above $ 0.3000 against the US Dollar. XRP price is showing positive signs and will likely continue to rise to $ 0.3100 and $ 0.3200.

 

 

Ripple is showing several bullish signs above $ 0.2700 and $ 0.2800 against the US Dollar.

The price is trading nicely above the 100 simple moving average. However, it faces hurdles around $ 0.3000.

There was a break above a major bearish trend line with resistance near $ 0.2700 on the 4-hour chart of the XRP / USD pair.

If there is a close above the $ 0.3000 level, the pair could continue to rise to $ 0.3200.

 

Ripple XRP price increased by 10%

Ripple XRP price started a new surge after building a base above the $ 0.2500 level. The price climbed above the $ 0.2650 level to move into a short term bullish zone.

There has been a modest upward move in Bitcoin and Ethereum recently, opening the doors for an increase in XRP of over $ 0.2720. There was a break above a major bearish trend line with resistance near $ 0.2700 on the 4-hours chart of the XRP / USD pair.

However, the price failed to cross the key resistance level of $ 0.3100. The price is currently down, but there is a good chance of a new surge above $ 0.3000.

A close above the $ 0.3000 level could possibly increase the chances to move above the $ 0.3100 resistance. The next major resistance is near the $ 0.3200 level.

See Also
Ripple is showing signs of bull burst

If Ripple does not break above $ 0.3000, it could correct the decline. Initial support is near the $ 0.2800 level and the 100 SMA.

A downside break below the $ 0.2800 support zone could open the doors for a push towards the $ 0.2700 support. The next major support is near the $ 0.2620 level and the broken trend line.

 

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.

Support Levels – $ 0.2800, $ 0.2700 and $ 0.2620.

Resistance Levels – $ 0.3000, $ 0.3100 and $ 0.3200.

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