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.

To start the recent increase, there was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair. The pair surged above the $0.2500 resistance level and traded to a new…



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here