Ripple Price Analysis: XRP/USD Could Accelerate Above $0.4700

Key Highlights Ripple price found a strong support near the $0.4320 level and bounced back against the US dollar. Yesterday’s highlighted key bearish trend line was broken with resistance at $0.4505 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair gained momentum above $0.4550 and traded towards the $0.4700 resistance. Ripple price climbed higher nicely against the US Dollar and Bitcoin. XRP/USD may continue to move higher towards the $0.4750 and $0.4800 levels in the near term. Ripple Price Analysis Yesterday, we discussed that a…

Ripple Price Analysis: XRP/USD Remains Supported Above $0.4230

Key Highlights Ripple price is currently trading below the $0.4615 and $0.4660 resistance levels against the US dollar. There was a break below a contracting triangle pattern with support at $0.4550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points lower, but it could find support near the $0.4400 and $0.4230 levels. Ripple price is consolidating above key supports against the US Dollar and Bitcoin. XRP/USD must break the $0.4615 and $0.4660 resistances to climb higher. Ripple Price Analysis After…

Ripple Price Analysis: XRP/USD Could Correct Lower To $0.4350

Key Highlights Ripple price failed to stay above the $0.4600 support and declined recently against the US dollar. There was a break below an ascending triangle pattern with support at $0.4630 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it seems like it could test the $0.4400 or $0.4350 support levels. Ripple price moved lower from range highs against the US Dollar and Bitcoin. XRP/USD may continue to move down towards the $0.4350 support in the near term. Ripple…

Ripple Price Analysis: XRP/USD Bullish Above $0.4250

Key Highlights Ripple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar. There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to break the $0.4500 resistance to climb once again towards the $0.4700 level. Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD may continue to accelerate gains above $0.4400 and $0.4500 in the near term. Ripple Price Analysis Yesterday,…

Ripple Price Analysis: XRP/USD Facing Hurdles Near $0.5450

Key Highlights Ripple price failed to break the $0.5450 and $0.5550 resistance levels against the US dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $0.5465 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to face a lot of hurdles near the $0.5450 and $0.5500 resistance levels. Ripple price is struggling to retain gains against the US Dollar and Bitcoin. XRP/USD may perhaps decline below $0.5100 as long as it is below $0.5500. Ripple Price Analysis Yesterday, we saw…

Ripple Price Analysis: XRP/USD Bullish Above $0.5520

Key Highlights Ripple price is holding the $0.5500 and $0.5520 support levels against the US dollar. There is a major breakout pattern formed with resistance at $0.5820 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must hold the $0.5500 and $0.5520 support levels to climb higher in the near term. Ripple price is positioned for more gains against the US Dollar and Bitcoin. XRP/USD may continue to slowly rise towards the $0.5800 and $0.5900 resistances. Ripple Price Analysis There was a minor downside correction…

Ripple Price Analysis: XRP/USD Remains In Major Uptrend

Key Highlights Ripple price surged higher and settled above the 0.5000 resistance against the US dollar. There is a short-term connecting bearish trend line in place with resistance at 0.6000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may break the $0.6000 level in the near term to test the 0.6800 zone. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD needs to clear $0.6000 and $0.6800 to accelerate gains. Ripple Price Analysis This past week, we saw…

Ripple Price Intraday Analysis: XRP/USD Moons amid FOMO

Ripple on Friday underwent massive appreciation against the US Dollar, rising as much as 45 percent from its intraday low. Ripple Labs expressed strong fundamentals over the course of the past week. For starters, the San Francisco company behind the XRP token signed a strategic partnership with the National Commercial Bank, Saudi Arabia’s first national bank. They also forged ties with SBI Holdings, Japan’s financial giant, and British Transfer. Ripple also roped in a top-ten U.S. bank as a member of RippleNet. All the partnerships will use Ripple’s underlying blockchain…

Ripple Price Analysis: XRP/USD Rally Looks Real, Next Target $0.52

Key Highlights Ripple price rallied sharply and broke the $0.4000 and $0.4600 resistances against the US dollar. There was a break above a key contracting triangle with resistance at $0.3350 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently consolidating gains above the $0.4400 and $0.4200 support levels with positive signs. Ripple price rocketed past many hurdles against the US Dollar and Bitcoin. XRP/USD is in a clear uptrend above the $0.4000 pivot level. Ripple Price Analysis The past few sessions were very…

Ripple Price Analysis: XRP/USD Signaling Upside Extension

Key Highlights Ripple price surged higher recently and broke the $0.3200 resistance level against the US dollar. There is a major contracting triangle in place with resistance at $0.3300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct a few points, but it remains supported above the $0.3100 level. Ripple price is trading with a bullish bias against the US Dollar and Bitcoin. XRP/USD needs to gain above $0.3350 for a push towards the $0.3500 level. Ripple Price Rise Yesterday, we saw a…