In the last 24 hours, the XRP token has increased by more than 5% against the USD. There is a lot of strength in the $0.3055 resistance and the $0.3065 resistance.
This was why the token surged significantly after it moved above the $0.3120 level. It also allowed the token to test the $0.3250 level before it declined. There is a new resistance at $0.3280 level which also happens to be above the 100 hourly simple moving average.
There was a break below the 23.6% Fib retracement level of the last rise from $0.2975 level to the $0.3279 level. The support at $0.3150 level didn’t hold the line so it explains why the token retraced. If the XRP token starts declining against the USD again, the $0.3120 level will prevent lower lows. If this level doesn’t hold, the token will fall to the $0.3080 level. On the other hand, if the Ripple XRP token continues to rise, it will face resistance at $0.3250, and $0.3260 but the most significant resistance is at $0.3300 level.
With Bitcoin BTC firmly above the $12k level, XRP and all the other tokens will most likely maintain the bullish momentum. In the next few days of trading, we will know if the token will keep rising in line with Bitcoin BTC or fall back to the next support level.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.
- XRP Starts Surging Against the USD as it Forms Key Trendline
- Rising Above the $0.3100 Made Things Better for XRP as it Marked the Long-predicted Bull Run
Ripple XRP has been bullish against the USD for the last three days. Yesterday, the token crossed the $0.3000 level for the first time in weeks. This paved the way for a more significant rise in price and the token was able to move as high as $0.3250 but faced resistance and pulled back shortly after.
Surging above this resistance is essential if the token is to move above the next resistance at $0.3300. All the technical indicators show that the token is primed for a bullish rally near-term.
Ripple News Today – Ripple XRP Might Move Above the $0.3300 Level Near-term
At the time of writing, the price of the XRP token was $0.314348. This means that it is up by 3.70% against the USD and up by 0.21% against Bitcoin BTC. The trading volume over a 24 hour period was $2,875,610,562 and the market capitalization was $14,120,121,238.
The relative strength index is above 50 levels and the MACD is also bullish. The key resistance levels for XRP are at $0.3235, $0.3250, and $0.3300 while the support levels are at $0.3150, $0.3120, and $0.3080.
