Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ripple’s token price is moving higher from $0.4560 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.4960 resistance zone.
- Ripple’s token price is moving higher toward the $0.4960 resistance against the US dollar.
- The price is now trading above $0.48 and the 100 simple moving average (4 hours).
- There is a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
- The pair might continue to rise if it clears the $0.4960 resistance in the near term.
Ripple’s Token Price Starts Fresh Increase
This past week, Ripple’s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.500 support zone. The price even spiked below the $0.465 support.
A low is formed near $0.4460 and the price is now rising, similar to Bitcoin and Ethereum. There was a move above the $0.455 and $0.465 resistance levels. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low.
XRP price is now trading above $0.480 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.4860 on the 4-hour chart of the XRP/USD pair.
Initial resistance on the upside is near the $0.4960 zone. It is close to the 61.8% Fib retracement level of the downward move from the $0.5265 swing high to the $0.4460 low. The next major resistance is near the $0.5050 level.
Source: XRPUSD on TradingView.com
A successful break above the $0.505 resistance level might send the price toward the $0.525 resistance. Any more gains might call for a test of the $0.550 resistance.
Fresh Decline in XRP?
If ripple fails to clear the $0.496 resistance zone, it could start another decline. Initial support on the downside is near the $0.486 zone and the trend line.
The next major support is near $0.476. If there is a downside break and a close below the $0.476 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.456 support zone.
Technical Indicators
4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $0.485, $0.476, and $0.456.
Major Resistance Levels – $0.496, $0.505, and $0.525.