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Ripple (XRP) Price Remains Supported For More Upsides

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Ripple (XRP) Price Remains Supported For More Upsides

Ripple price is holding a couple of important supports near $0.2180 and $0.2150 against the US dollar.The price is currently facing resistance near the $0.2260 and $0.2300 levels.There is a major bearish trend line forming with resistance near $0.2260 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair needs to climb above the $0.2260 and $0.2300 resistance levels to continue higher.Ripple price is struggling to gain bullish momentum against the US Dollar and Looking at the chart, ripple price is facing a couple of important resistances near $0.2250. Thus, the bears might eye another decline below the $0.2220 and $0.2200 support levels. Having said that, the bulls might appear if the price tests the $0.2150 support area.Technical IndicatorsHourly MACD – The MACD for XRP/USD is about to move back into the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently declining and is just below the 50 level.Major Support Levels – $0.2220, $0.2200 and $0.2180.Major Resistance Levels – $0.2250, $0.2560 and $0.2300.

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Author: Aayush Jindal

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