Ripple began a strong uptrend after building a base above $ 0.2550 against the US dollar. XRP price is currently rising and will likely continue to rise towards $ 0.3500.
Ripple rose more than 15% and shows many positive signs of over $ 0.3000 against the US Dollar.
The price crossed many hurdles near $ 0.2880 and the 100 simple moving average.
There was a break above a crucial contract triangle with resistance near $ 0.2825 on the 4-hours chart of the XRP / USD pair.
The pair looks set to rise towards the $ 0.3400 and $ 0.3600 resistance levels in the near term.
Ripple’s XRP gains momentum
Over the past few days, Ripple’s XRP price has built a strong support base above $ 0.2550 and $ 0.2650. As a result, the price started a strong increase and broke many key hurdles around $ 0.2800 and $ 0.2820.
There was also a break above an important contract triangle with resistance near $ 0.2825 on the 4-hour chart of the XRP / USD pair.
The price opened the doors for more gains above the $ 0.3000 level and the 100 simple moving average.
Instant resistance is near the $ 0.3420 zone. More earnings could move the price to $ 0.4000.
If Ripple starts a downside correction, it could find support near the $ 0.3120 level. The first major support is near the $ 0.3000 level where the bulls will likely survive.
A major breakout zone appears to be forming near the $ 0.2820 level and the 100 simple moving average.
A break below $ 0.2820 and $ 0.2800 could push the price into a bearish zone in the near term.
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 – $ 0.3120, $ 0.3000 and $ 0.2820.
Resistance Levels – $ 0.3350, $ 0.3420 and $ 0.3550.