• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
technical analysis ripple

Ripple Price Analysis: XRP/USD Could Gain Traction Above $0.3300

Aayush Jindal by Aayush Jindal
5 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement

Key Highlights

  • Ripple price remained supported above $0.3120 and $0.3150 level and moved higher against the US dollar.
  • There was a break above a connecting bearish trend line with resistance at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair has to move above $0.3300 to gain traction in the near term towards $0.3380.

Ripple price is placed nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may perhaps break the $0.3300 to move towards $0.3450.

Ripple Price Trend

There was a retest of the $0.3120 support area in Ripple price against the US Dollar. The XRP/USD pair is forming a decent support base near the $0.3120 and $0.3150 levels. The price moved higher and broke the $0.3200 level. It also cleared the 23.6% Fib retracement level of the last drop from the $0.3540 high to $0.3095 swing low. However, upsides are limited and the price is facing many hurdles near the $0.3310 level.

The stated $0.3310 level coincides with the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the last drop from the $0.3540 high to $0.3095 swing low is also near $0.3315. Therefore, the $0.3310 and $0.3315 levels are important resistances for buyers. Should there be a break above these hurdles, the price may perhaps rise towards the $0.3400 level. The next major resistances above $0.3400 is near the $0.3500 level. On the downside, the main supports are at $0.3150 and $0.3120 levels where bulls are likely to take a stand.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is forming a decent support base near the $0.3120 level. As long as the price is trading and consolidating above $0.3120, it is likely to climb higher towards $0.3400 in the near term.

Looking at the technical indicators:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Hourly MACD – The MACD for XRP/USD has moved back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now placed above the 50 level.

Major Support Level – $0.3120

Major Resistance Level – $0.3310

Tags: OpinionRipple PriceRipple Price AnalysisRipple Price ChartRipple Price Forecastripple xrptradingxrpxrp btcxrp usdXRPUSD
Tweet123Share196ShareSend
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

Ripple

XRP Price Prediction: Ripple Bulls Are Not Done Yet And Still Aim $0.5

22 hours ago
Ethereum

Ethereum Price is Struggling, But It’s Too Early to Say Bulls Have Given Up

22 hours ago
Bitcoin

Bitcoin Price Revisits Key Support, Can Bulls Save The Day?

24 hours ago
Bitcoin Bollinger Bands 120 days all-time high

Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs

1 day ago
XRP

XRP Continues Rally Taking Over 28% Of Total Volume On Major Korean Crypto Exchange

1 day ago
Ripple's XRP is a Buy at Current Prices, Says John E. Deaton

XRP Is A Buy At Current Prices, Says John E. Deaton

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Decentraland and The Sandbox Dominating GameFi Industry – Will Avorak AI Live Up To The AI Crypto Hype?

March 28, 2023

TMS Network (TMSN) Has Exploded 1000% With Stage 2 Presale, Injective (INJ) Sees an Increase of 10.5%, Conflux (CFX) Increases by 41.2%

March 28, 2023

Augmented Reality metaverse platform, OVER takes center stage at Metaverse Fashion Week 2023

March 28, 2023

Best Crypto Reviewed April 2023: 5 Cryptocurrencies to Invest in

March 27, 2023

Metacade Crypto Presale Brought In 14.1m in Just 18 Weeks and Is About to End. Don’t Miss Out on This Presale Event!

March 27, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

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

Technical Analysis

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

Company

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

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.