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Ripple’s price action has stayed below the $0.4768 price level for over 7 trading sessions. However, now price action in this market seems ready to break upward and above the mentioned resistance level.
Ripple Analysis Data
XRP Value Now: $0.4775
XRP Market Cap: $24,562,128,489
Ripple Moving Supply: 51,750,810,378 XRP
XRP Total Supply: 99,988,998,998
Ripple CoinMarketCap Ranking: 6
Major Price Levels:
Top: $0.4768, $0.4790, and $0.4810
Base: $0.4738, $0.4718, and $0.4700
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Ripple (XRP) Attempted to Break the Resistance at $0.4780
After XRPUSD price action crashed below the Bollinger Bands MA, it has remained down or mostly sideways till this point. At this point, it appears that more traders are re-entering the market. Consequently, this seems to have returned some strength to the mark, even when price action remained below the middle limit of the Bollinger Band. Furthermore, the Stochastic Relative Strength Index (RSI) indicator lines were able to abort a trend reversal move. The lines of this indicator can be seen trending upwards, which indicates a gain in upside momentum.
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Ripple (XRP) Price Action Finds Strong Support for a More Upside Move
On the 4-hour market, price action has crossed above the Moving Average curve of the Bollinger Band. Furthermore, a significantly longer price has just appeared on the chart here. Additionally, the RSI indicator curves are still rising upward toward the 80 mark of the indicator. Consequently, this shows that more buyers are joining the trend. The current move in the Ripple market may see prices breeze through the $0.4830 mark shortly.
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