Ripple Price Analysis: XRP Signaling Further Gains Above $0.4600

Ripple Price Analysis: XRP Signaling Further Gains Above <img width=.4600" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?w=1508&ssl=1 1508w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=300%2C130&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=768%2C333&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=1024%2C444&ssl=1 1024w" data-lazy-sizes="(max-width: 1508px) 100vw, 1508px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?fit=1508%2C654&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.4600"1508" height="654" src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?fit=1508%2C654&ssl=1" class="attachment-full size-full wp-post-image jetpack-lazy-image" alt="" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?w=1508&ssl=1 1508w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=300%2C130&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=768%2C333&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=1024%2C444&ssl=1 1024w" data-lazy-sizes="(max-width: 1508px) 100vw, 1508px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?fit=1508%2C654&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />.4600" data-lazy-srcset="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?w=1508&ssl=1 1508w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=300%2C130&ssl=1 300w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=768%2C333&ssl=1 768w, https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?resize=1024%2C444&ssl=1 1024w" data-lazy-sizes="(max-width: 1508px) 100vw, 1508px" data-lazy-src="https://i2.wp.com/sudan4tech.com/wp-content/uploads/2019/06/Ripple.png?fit=1508%2C654&ssl=1&is-pending-load=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" />


  • Ripple price declined sharply and tested the main $0.4000 support area against the US dollar.
  • The price is currently moving higher and it might continue to rise towards the $0.4800 level.
  • There is a major bullish trend line forming with support near $0.4400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The price remains well supported on dips and it could continue to rise above the $0.4600 level.

Ripple price is showing positive signs above $0.4200 against the US Dollar. XRP is likely to continue higher and it could even break the key $0.5000 resistance area.

Ripple Price Analysis

This past week, there was a key downside correction in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair declined heavily from the $0.4755 swing high. There was a break below the $0.4500 support level. The price even declined below the $0.4400 support level and the 50% Fib retracement level of the upward move from the $0.3617 swing low to $0.4755 high.

The decline was such that the pair even spiked below the $0.4200 level and the 55 simple moving average (4-hours). The price tested the 61.8% Fib retracement level of the upward move from the $0.3617 swing low to $0.4755 high. More importantly, it tested the $0.4000 support area and recently bounced back above $0.4200. There was a slow and steady rise above the $0.4350 level and the 55 SMA. Besides, there is a major bullish trend line forming with support near $0.4400 on the 4-hours chart of the XRP/USD pair.

If there is a downside correction, the price might find bids near the $0.4400 support. A clear break below the trend line support could start a major decline towards the $0.4200 support area. Any further declines could push the price towards the $0.4000 support. On the upside, the price seems to be struggling near the $0.4600 level. If the bulls gain pace above the $0.4600 level, the price could accelerate higher. On the upside, the next key resistance is near the $0.4800 level.

Ripple Price Analysis: XRP Signaling Further Gains Above <img class=.4600"alignnone size-large wp-image-54406 jetpack-lazy-image" src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Ripple-1100x477.png?resize=1100%2C477&ssl=1" alt="Ripple Price Analysis XRP Chart" width="1100" height="477" data-recalc-dims="1" data-lazy-src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Ripple-1100x477.png?resize=1100%2C477&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">.4600" width="1100" height="477" data-recalc-dims="1" data-lazy-src="https://i1.wp.com/www.livebitcoinnews.com/https://s3.amazonaws.com/lbn-s3/2019/06/Ripple-1100x477.png?resize=1100%2C477&is-pending-load=1#038;ssl=1" srcset="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7">

Looking at the chart, ripple price is currently trading with a positive bias above the $0.4400 support. There are chances of more gains once there is a clear break above the $0.4600 level. More importantly, if the bulls remain in action, the price could test the $0.5000 barrier in the near term.

Technical indicators

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

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level and it could continue to rise.

Key Support Levels – $0.4400, $0.4350 and $0.4200.

Key Resistance Levels – $0.4600 and $0.4800.

The post Ripple Price Analysis: XRP Signaling Further Gains Above $0.4600 appeared first on Live Bitcoin News.



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