Earn Your First Bitcoin Sign up and get Bonus Referral bonus up to ,000 Sign up Ripple price is facing resistance near the %excerpt%.485 level against the US dollar. The price is now trading above %excerpt%.470 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near %excerpt%.4640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a major increase above the %excerpt%.4850 resistance. Ripple price is rising above %excerpt%.4750 against the US Dollar, similar to Bitcoin. XRP price must stay above the %excerpt%.4700 support to remain in a bullish zone. Ripple Price Analysis After forming a base above the %excerpt%.4120 level, Ripple price started a fresh
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Sign up- Ripple price is facing resistance near the $0.485 level against the US dollar.
- The price is now trading above $0.470 and the 55 simple moving average (4 hours).
- There is a key bullish trend line forming with support near $0.4640 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
- The pair could start a major increase above the $0.4850 resistance.
Ripple price is rising above $0.4750 against the US Dollar, similar to Bitcoin. XRP price must stay above the $0.4700 support to remain in a bullish zone.
Ripple Price Analysis
After forming a base above the $0.4120 level, Ripple price started a fresh increase against the US Dollar. The XRP/USD pair broke the $0.432 resistance to move into a positive zone.
There was a clear move above the $0.450 resistance and the 55 simple moving average (4 hours). The bulls even pushed the price above the $0.470 resistance. A high is formed near $0.4861 and the price is now consolidating gains.
It is now trading above $0.470 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near $0.4850. The next major resistance is near the $0.4880 level.
A clear move above the $0.4880 resistance zone might start a strong increase. In the stated case, the price could even surpass the $0.4920 resistance. Any more gains might send the price toward the $0.5120 resistance. Initial support on the downside is near the $0.4760 level or the 23.6% Fib retracement level of the upward move from the $0.4433 swing low to the $0.4861 high.
The next major support is near the $0.4700 level. There is also a key bullish trend line forming with support near $0.4640 on the 4-hour chart of the XRP/USD pair.
The trend line is near the 50% Fib retracement level of the upward move from the $0.4433 swing low to the $0.4861 high. Any more losses could lead the price toward the $0.4500 level, below which the price might even test $0.4320.
Ripple Price
Looking at the chart, Ripple price is now trading above the $0.47 zone and the 55 simple moving average (4 hours). Overall, the price could start a major increase above the $0.4850 resistance.
Technical indicators
4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level.
Key Support Levels – $0.476, $0.470, and $0.450.
Key Resistance Levels – $0.4850 and $0.4880.