• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

Ripple Price Analysis: XRP Looks Set To Climb Above $0.3200

Aayush Jindal by Aayush Jindal
2 years ago
in Technical analysis
Reading Time: 2min read
Ripple Price Analysis techanalysis XRP
Advertisement
Listen to Article
  • Ripple price has formed a strong support above the $0.3070 level against the US dollar.
  • The price is facing a couple of strong resistances near the $0.3130 and $0.3160 levels.
  • There is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to climb above $0.3160 and $0.3200 as long as the $0.3070 support is intact.

Ripple price is positioning for more gains against the US Dollar and bitcoin. XRP/USD is likely to rebound above the $0.3200 pivot level once it clears the $0.3130-0.3140 resistance zone.

Ripple Price Analysis

Recently, there was a steady decline in ripple price below the $0.3070 and $0.3050 supports against the US Dollar. The XRP/USD pair traded close to the $0.3020 support level and later started a fresh rebound. The price corrected above $0.3070 and $0.3100 before sellers appeared near the $0.3165-0.3170 resistance area. A swing high was formed at $0.3167 and finally the price decline below the $0.3130 support. There was a break below the 50% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high.

Besides, there was a break below the $0.3100 support and the 100 hourly simple moving average. However, the $0.3070-0.3080 support area acted as a strong buy zone. More importantly, the 61.8% Fib retracement level of the last wave from the $0.3021 low to $0.3167 high acted as a support. The price is currently moving higher and trading nicely above the $0.3100 level and the 100 hourly SMA. It seems like there is a key contracting triangle formed with resistance at $0.3130 on the hourly chart of the XRP/USD pair.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Therefore, the pair is likely preparing for the next move either above $0.3130 or below the $0.3095 support. On the upside, a break above the $0.3130 resistance may push the price towards the $0.3167 swing high. The next key resistance is near the $0.3200 level, above which there are chances of a push to $0.3225. On the other hand, a downside break below the triangle support at $0.3095 could push the price towards the $0.3070 support area.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is trading with a positive bias above the $0.3070 support. Once there is a clear break above $0.3130 and $0.3140, the chances of more gains are likely to increase. On the downside, the main support area is at $0.3070, followed by $0.3020.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is showing positive signs in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving higher towards the 65 level.

Major Support Levels – $0.3080, $0.3070 and $0.3020.

Major Resistance Levels – $0.3130, $0.3165 and $0.3200.

Tags: Ripplexrp
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

Chainlink (LINK)

Charted: Chainlink (LINK) Correcting Gains, Why Dips Remain Attractive

4 hours ago
Ethereum

TA: Ethereum Trims Gains, Why ETH Could Find Strong Support Near $1,275

6 hours ago
Bitcoin

TA: Why Bitcoin Price Remains At Risk for a Fresh Drop to $30K

8 hours ago
chainlink massive bearish divergence altcoin crypto

Massive Bearish Divergence Hints At First Major Chainlink Corrective Phase

10 hours ago
Ethereum

Analyst: Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

14 hours ago
ethereum bitcoin

Ethereum Beats Bitcoin Performance Two Years Straight, What’s Next?

15 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

1xBit Introduces New Live Casino Tournament DEAL OR NO DEAL

January 26, 2021

BitMarket Network Client – Open Multicurrency Crypto Wallet

January 26, 2021

Mercuryo, Binance’s Fiat Processor Partner, Announces Major Move to North American Market

January 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.