Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks

Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks


Ripple is gaining pace above the $0.2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0.2700 resistance level as long as it is above $0.2400.

Ripple is showing positive signs above the $0.2450 and $0.2500 levels against the US dollar. The price traded to a new weekly high at $0.2580 and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is correcting gains, but dips are likely to find bids near $0.2480 and $0.2450. Ripple Price Showing Positive Signs

After forming a base above the $0.2400 level, ripple started an increase above the $0.2450 resistance. XRP price broke the $0.2480 resistance level and settled above the 100 hourly simple moving average.

Trending: Report: Joe Montana Confronts Alleged Kidnapper, Wrestles Back His Own Grandchild

To start the recent increase, there was a break above a major bearish

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!