BTC
$35,658.93
-2.57
ETH
$1,221.21
+4.99
LTC
$142.67
+0.24
DASH
$124.22
-0.29
XMR
$154.22
-1.82
NXT
$0.01
+0.54
ETC
$7.76
+2.8
DOGE
$0.01
-2.02
ZEC
$107.45
+3.33
BTS
$0.03
+1.39

Here are the Levels to Watch Carefully for the Ripple Price

 Ripple price is trading in a contract range of over $ 0.6000 against the US dollar. 

1 95

Here are the Levels to Watch Carefully for the Ripple Price.

 Ripple price is trading in a contract range of over $ 0.6000 against the US dollar. Ripple price is set for a major breakout above $ 0.6200 or below $ 0.5800, according to renowned analyst Aayush Jindal.

  • Ripple price shows several positive signs above $ 0.6000 and $ 0.5800 against the US Dollar.
  • The price remained above $ 0.6000 and the 100 simple moving average (4 hours).
  • On the 4-hour chart of the XRP / USD pair there is a crucial contract triangle with resistance at $ 0.6130 (data source from Kraken).
  • If there is a clear break in Ripple above $ 0.6150 and $ 0.6200, the pair could initiate a strong upward move.

Analyst: Ripple price is preparing for a major breakout! So in what direction?

After testing the $ 0.5500 support area, Ripple price started a steady recovery. There was a break above the $ 0.5750 and $ 0.5800 resistance levels in XRP to move into a short-term bullish zone. The price traded above the 23.6% Fib retracement level of the downward move from $ 0.6847 to $ 0.5446. Currently, Ripple is trading above the $ 0.6000 level and the 100 simple moving average (4-hour). 

Ripple Price Charts
Ripple Price Charts

On the upside, the price is facing major resistance near $ 0.6150 and $ 0.6200. On the 4-hour chart of the XRP / USD pair, there is a crucial contract triangle formed by resistance at $ 0.6130. XRP is now near the 50% Fib retracement level of the downward move from $ 0.6847 to $ 0.5446. A close above the $ 0.6150 and $ 0.6200 resistance levels could open the doors for a sharp increase.

Here are the levels that Ripple price will see and should watch in the short term.

A successful close above the $ 0.6200 resistance could push the price to the $ 0.6500 resistance level. Further increases could push the price into the $ 0.6800 zone, according to the analyst. A medium resistance is seen around $ 0.6720, according to the analyst. If Ripple fails to cross the $ 0.6150 and $ 0.6200 resistance levels, it could drop significantly. 

Ripple news
Ripple news

The first downside support is near the $ 0.6000 level, according to the analyst. The first major support is currently forming near the $ 0.5800 level, according to the analyst. A break below the triangle support zone and the 100 simple moving average (4 hours) could trigger a sharp decline. The next major support is seen near the $ 0.5500 level, according to the analyst.

Current view of Ripple price with technical indicators

4-Hour MACD: The MACD for XRP / USD is losing momentum in the bearish zone.

4-Hour RSI (Relative Strength Index): The RSI for XRP / USD is currently stable near the 50 level.

Major Support Levels: $ 0.6000, $ 0.5800 and $ 0.5750.

Major Resistance Levels: $ 0.6150, $ 0.6200 and $ 0.6500.

1 Comment
  1. […] Ripple price jumped just above the $ 0.6000 level before taking a fresh dip against the US dollar. […]

Leave A Reply

Your email address will not be published.