Ripple (XRP) is Showing Early Signs of Fresh Rally, But $0.18 is the Key

Ripple (XRP) is Showing Early Signs of Fresh Rally, But $0.18 is the Key


Ripple is consolidating above the $0.1720 support zone against the US Dollar. XRP price seems to be preparing for a fresh rally, but it must surpass $0.1800 for a sustained upward move.

Ripple is slowly rising and it is currently trading above $0.1750 against the US dollar. The price is likely to face hurdles near $0.1780, $0.1800, and the 100 hourly SMA. There is a major bearish trend line forming with resistance near $0.1760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if there is a successful close above the $0.1800 resistance. Ripple Price Could Rally Above $0.1800

After a downward spike below the $0.1700 level, ripple found support above $0.1680. XRP price started an upside correction and recovered above the $0.1720 resistance level.

The bulls were able to push the price above the $0.1780 resistance, but they struggled to clear the $0.1800 level and the 100 hourly

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