Ripple started a strong recovery wave above the $0.3000 y $0.3100 levels against the US Dollar. XRP price is currently correcting gains from $0.3700, but dips remain limited.
- Ripple rallied above the $0.3200 y $0.3500 resistance levels against the US dollar.
- The price tested the $0.3700 zone before correcting lower, but it settled above the 100 media móvil simple (4-horas).
- There is a major bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair is holding a key support near the $0.3000 y $0.2800 niveles.
Ripple’s XRP Price is Holding Gains
In the past two days, ripple’s XRP price saw a sharp increase above the $0.2500 resistance level. The bulls gained strength, resulting in a sharp upward move above the $0.3000 barrier.
The price even surged above the $0.3200 nivel y asentado por encima del 100 media móvil simple (4-horas). The price nuked the $0.3500 level before the bears took a stand near the $0.3700 zona. There were two attempts by the bulls to gain momentum above $0.3700, but they failed.
A swing high was formed near $0.3700 before the price started a downside correction (similar to bitcoin). The price traded below the $0.3500 nivel. There was also a break below the 23.6% Fib retracement level of the upward wave from the $0.2190 swing low to $0.3700 swing high.
Fuente: XRPUSD en TradingView.com
There is also a major bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair. On the downside, la $0.3000 y $0.2950 levels are important supports.
los 50% Fib retracement level of the upward wave from the $0.2190 swing low to $0.3700 swing high is also near $0.2950. Any more losses could lead the price towards the main $0.2500 support level and the 100 media móvil simple (4-horas).
More Gains in XRP?
If ripple remains stable above the $0.2950 nivel, there are chances of a fresh increase. An initial resistance on the upside is near the $0.3250 nivel.
The main resistance is now near $0.3500. A close above the $0.3500 resistance zone could pump the price towards the $0.3700 y $0.3800 levels in the near term.
Indicadores técnicos
4-Hours MACD – The MACD for XRP/USD is losing momentum in the bullish zone.
4-Hours RSI (Índice de Fuerza Relativa) – The RSI for XRP/USD is correcting lower towards the 50 nivel.
Principales niveles de soporte: $0.3000, $0.2950 y $0.2550.
Niveles de resistencia mayor - $0.3250, $0.3450 y $0.3500.
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Fuente: Noticiasbtc
