• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Ripple (XRP)

Key Reasons Why Ripple (XRP) Price Could Surge Past $0.25

Aayush Jindal by Aayush Jindal
3 years ago
in Ripple, Technical analysis
Reading Time: 2 mins read

Ripple is recovering above the $0.2450 resistance against the US Dollar. The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550.

  • Ripple is slowly gaining bullish momentum above the $0.2450 resistance against the US dollar.
  • The price is trading near the $0.2500 resistance, but it is above the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could accelerate higher if it clears the $0.2500 and $0.2550 resistance levels.

Ripple Price Likely To Accelerate Higher

In the past three sessions, there was a decent recovery in ripple above the $0.2400 level. XRP price broke the $0.2450 resistance level and the 100 hourly simple moving average to start the current recovery.

There was a break above the 50% Fib retracement level of key decline from the $0.2535 swing high to $0.2380 swing low. The price is now testing the $0.2480 and $0.2500 resistance levels.

The 76.4% Fib retracement level of key decline from the $0.2535 swing high to $0.2380 swing low is also near the $0.2500 level. More importantly, there is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair.

Ripple (XRP) Price

Ripple price trades above $0.2450. Source: TradingView.com

The current price action is positive, a close above the 100 hourly SMA, and the recent rise in bitcoin, bitcoin cash and ethereum are key reasons why ripple price might continue to rise above the $0.2480 and $0.2500 levels.

The next resistance is near the $0.2550 level. A successful close above the $0.2550 zone could open the doors for a strong rise towards the $0.2650 and $0.2700 resistance levels in the near term.

Another Failure in XRP?

If ripple fails to clear the $0.2480 and $0.2500 resistance levels, there could be a bearish reaction. An initial support on the downside is near the trend line at $0.2470.

The main support is forming near the $0.2440 level and the 100 hourly simple moving average. A downside break below the $0.2440 support and the 100 hourly simple moving average could lead the price towards the $0.2380 support zone in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 50 level with positive signs.

Major Support Levels – $0.2470, $0.2440 and $0.2380.

Major Resistance Levels – $0.2480, $0.2500 and $0.2550.

Tags: RipplexrpXRPUSDxrpusdt
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Ripple (XRP)

XRP Price Prediction: Bulls Aim Big After Recent Surge Above $0.5

8 hours ago
Ethereum

Ethereum Price Smashes Resistance, $1,900 Could Be Next

8 hours ago
Bitcoin

Bitcoin Price Faces Confluence of Bearish Factors And Could Decline Heavily

9 hours ago
Ripple

Massive Token Unlock: Ripple Releases One Billion XRP From Escrow

19 hours ago
XRP

XRP Hype Spikes As Price Surges 12%, Is This A Top Signal?

22 hours ago
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

BNB Price Prediction: Risk of Sharp Drop Below $300

1 day ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    2 days ago
  • Willing to buy new crypto: Here are the best 10...

    2 days ago
  • Best Crypto Meme Coin Presales in 2023

    2 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • $WSM Hype Peaks as the Presale Blasts Past $1.5 Million in...

    1 hour ago
  • Dogecoin Volatility Set to Erupt: Wall Street Memes and...

    2 hours ago
  • XRP to hit 5$ Dogecoin chart suggests volatility Tradecurve...

    2 hours ago
  • 5 Reasons Why SCORP Could Set the Next Crypto Trend After...

    2 hours ago
  • Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK)...

    3 hours ago

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.

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

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 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.