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
Topics:
Aayush Jindal considers the following as important: Altcoin News, News, Ripple, Trading, XRP
This could be interesting, too:
Bilal Hassan writes Morocco to Become First Developing Country with Clear Crypto Regulations
Bilal Hassan writes Cryptopia Liquidators Distribute 0 Million to Victims of 2019 Hack
Bilal Hassan writes Mo Shaikh Steps Down as CEO of Aptos Labs to Start New Chapter
Bilal Hassan writes FTX Announces January 2025 as Effective Date for Reorganization Plan
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000
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.