• 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: Bitcoin Price Retests $27K Following Fed Rate Decision
  • 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: Bitcoin Price Retests $27K Following Fed Rate Decision
Ripple Price Technical Analysis XRP USD

Ripple (XRP) Price Surging: Bulls Sighting Break Past $0.4500

Aayush Jindal by Aayush Jindal
4 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement
  • Ripple price started a solid upward move and broke the $0.4200 resistance against the US dollar.
  • The price rallied above the $0.4400 level and recently started a downside correction.
  • There is a key bullish trend line forming with support near $0.4250 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is placed nicely in an uptrend and it could continue to rise above $0.4400 and $0.4500.

Ripple price is showing positive signs above $0.4200 against the US Dollar, similar to bitcoin. XRP is likely to extend gains and the bulls seem to be eyeing a break above $0.4500.

Ripple Price Analysis

After a successful close above $0.4000, ripple price started a strong uptrend against the US Dollar. The XRP/USD pair broke the key $0.4200 and $0.4250 resistance levels to move further into the bullish zone. The pair even settled above $0.4250 and the 100 hourly simple moving average. Finally, there was a break above the $0.4400 level and a swing high was formed at $0.4424.

Recently, there was a sharp downside correction below the $0.4400 and $0.4300 levels. There was even a spike below the $0.4200 level and a swing low was formed at $0.4174. The bulls protected further declines and the price recovered sharply above $0.4200 and $0.4250. It cleared the 50% Fib retracement level of the recent slide from the $0.4424 high to $0.4174 low.

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!

The current price action is positive and it seems like the price could continue higher above $0.4300. An immediate resistance is near $0.4340, and the 61.8% Fib retracement level of the recent slide from the $0.4424 high to $0.4174 low. Moreover, the price could gain momentum once it clears the $0.4400 resistance area. The next key resistance for the bulls is near the $0.4500 level.

On the downside, there are many supports near the $0.4260 and $0.4250 levels. There is also a key bullish trend line forming with support near $0.4250 on the hourly chart of the XRP/USD pair. Therefore, if the price corrects lower, it could find a strong support near the $0.4250 zone. Only a close below $0.4250 might start a major downside correction. The next key supports are near $0.4150 and $0.4120.

Ripple Price Analysis XRP Chart

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

Looking at the chart, ripple price is clearly gaining momentum above $0.4250 and $0.4300. As long as the price is above $0.4250, there are chances of more upsides above $0.4400 and $0.4500.

Technical Indicators

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

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well above the 50 level, with a flat bias.

Major Support Levels – $0.4260, $0.4250 and $0.4150.

Major Resistance Levels – $0.4340, $0.4400 and $0.4500.

Tags: Ripplexrp
Tweet123Share228ShareSend
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

Cardano Rally

Cardano (ADA) Price Saw Technical Breakout: Big Reaction From Bulls Imminent

8 hours ago
Ethereum

Ethereum Price Rally To $2,000 On The Horizon, As Bears Show Weak Hands

9 hours ago
Bitcoin

Bitcoin Price Trims Losses But Remains In Range, What Could Trigger Fresh Rally

10 hours ago
Aave

How Soon Can We Expect Aave To Target $80?

16 hours ago
Tron And HT Plummets

Tron (TRX), Huobi Token (HT) Plummet Nearly 10% In A Day, Here’s Why

1 day ago
AVAX Price Could Rally

AVAX Price Prediction: Avalanche Bulls Aim $20 or Higher

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

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

The Web3.Conference will gather Web3 builders & creators this May in Amsterdam

March 24, 2023

LFi Unveils LFi Smartphone, Providing Unprecedented Access to Decentralized Financial Opportunities

March 24, 2023

Cardano (ADA) and Polkadot (DOT) Prices Reach a Crucial Juncture, While TMS Network (TMSN) Attracts Investors in Stage 2 of Presale

March 24, 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.