Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies
Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar. Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels.
Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline a few points, but it remains supported above $0.2700. Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply if it clears the $0.2920 resistance.
Ripple Price Analysis Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar.
The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average.
It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin. However, ripple price faced a strong resistance near the $0.2900 and $0.2920 levels.
A swing high was formed near $0.2918 and the price recently started a downside correction. It broke the $0.2850 support plus the 23.6% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. Finally, the price found support near the $0.2750 and $0.2760 levels. Additionally, the price found support near the 50% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high.
More importantly, yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair.
The 100 hourly SMA is also following the trend line and is currently near $0.2720.
Therefore, dips towards the $0.2750 and $0.2720 levels remain attractive to the bulls.
On the upside, the main resistances are near $0.2900 and $0.2920.
An immediate resistance is near $0.2880 and a connecting bearish trend line on the same chart. A convincing close above the $0.2920 level might start another upward move towards the $0.3000 and $0.3050 levels. An intermediate resistance is near the $0.3020 level.
Read the full topic at
https://www.newsbtc.com/2019/08/20/ripple-price-xrp-eyes-fresh-increase-while-bitcoin-rallies/
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Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline a few points, but it remains supported above $0.2700. Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply if it clears the $0.2920 resistance.
Ripple Price Analysis Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar.
The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average.
It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin. However, ripple price faced a strong resistance near the $0.2900 and $0.2920 levels.
A swing high was formed near $0.2918 and the price recently started a downside correction. It broke the $0.2850 support plus the 23.6% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. Finally, the price found support near the $0.2750 and $0.2760 levels. Additionally, the price found support near the 50% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high.
More importantly, yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair.
The 100 hourly SMA is also following the trend line and is currently near $0.2720.
Therefore, dips towards the $0.2750 and $0.2720 levels remain attractive to the bulls.
On the upside, the main resistances are near $0.2900 and $0.2920.
An immediate resistance is near $0.2880 and a connecting bearish trend line on the same chart. A convincing close above the $0.2920 level might start another upward move towards the $0.3000 and $0.3050 levels. An intermediate resistance is near the $0.3020 level.
Read the full topic at
https://www.newsbtc.com/2019/08/20/ripple-price-xrp-eyes-fresh-increase-while-bitcoin-rallies/
Follow me on
Twitter: https://twitter.com/cryptoexpert20
IF you be an admin for your telegram group you can order from the link
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