Ripple Price Analysis: Rally Could Gain Pace Above $0.92

BitcoinRipple Price Analysis: Rally Could Gain Pace Above $0.92


  • Ripple price started a fresh increase from the $0.78 support zone against the US dollar.
  • The price is now trading above $0.90 and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $0.8290 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could continue to move up if there is a clear break above the $0.920 resistance.

Ripple price is gaining pace above $0.900 against the US Dollar, unlike bitcoin. XRP price could extend gains if there is a move above the $0.920 barrier.

Ripple Price Analysis

After forming a base above the $0.7500 level, ripple price started a fresh increase against the US Dollar. The XRP/USD pair cleared the $0.8000 resistance zone to move into a positive zone.

The pair even climbed above the $0.8500 zone and the 55 simple moving average (4-hours). Besides, there was a break above a major bearish trend line with resistance near $0.8290 on the 4-hours chart of the XRP/USD pair.

The pair is now trading above $0.9000 and showing positive signs. It traded as high as $0.9143 and is now consolidating gains. On the downside, an initial support is near the $0.8820 level. It is near the 23.6% Fib retracement level of the upward move from the $0.7762 swing low to $0.9143 high.

The first major support is near the $0.8500 level. It is near the 50% Fib retracement level of the upward move from the $0.7762 swing low to $0.9143 high. Any more losses could lead the price towards the $0.8000 level in the near term.

On the upside, the price is facing resistance near the $0.9200 level. The next key resistance is near the $0.9320 level. A close above the $0.9200 level could increase the chances of a break above the key $0.95 resistance zone. The next major resistance is near the $1.00 level.

Any more gains could lead the price towards the $1.10 level. An intermediate resistance might be near the $1.05 level.

Ripple Price

Looking at the chart, ripple price is now trading above $0.90 and the 55 simple moving average (4-hours). Overall, the price could continue to move up if there is a clear break above the $0.920 resistance.

Technical indicators

4 hours MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level.

Key Support Levels – $0.850, $0.820 and $0.800.

Key Resistance Levels – $0.9200 and $0.9500.

Tags: Ripple, XRP



Learn more

Latest news

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

(Bloomberg) -- Speculators cleaving to the view that the crypto rout is mostly over are at risk of...

Australian Crypto Exchange Announces Massive Layoffs

Alex Dovbnya Swyftx has fired more than a third of its staff, with the ongoing cryptocurrency winter becoming increasingly...

Ripple Price Analysis: Bears Active Near $0.40

Ripple price started a fresh decline from the $0.4100 resistance against the US dollar. The price is now trading...

How Secure Is Social Security?  

The long-term funding shortfall threatening Social Security has garnered so much public notice that consistently overwhelming majorities of...

CRO Price (Cronos) Pumps Over 12%, Why This Could Be The Start of Bigger Rally

CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong...

Costco, GameStop, Chewy, and Other Stocks to Watch This Week

Costco, GameStop, Chewy, and Other Stocks to Watch This Week Learn more

Must read

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

(Bloomberg) -- Speculators cleaving to the view that...

Australian Crypto Exchange Announces Massive Layoffs

Alex Dovbnya Swyftx has fired more than a third...

Ripple Price Analysis: Bears Active Near $0.40

Ripple price started a fresh decline from the...

You might also likeRELATED
Recommended to you