Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the multisite-clone-duplicator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
[www-stage.newsbtc.com/news/ripple-price-technical-analysis-xrp-usd-bounces-sharply/amp/]
[wp-includes/functions.php:6114 trigger_error(), wp-includes/functions.php:6054 wp_trigger_error(), wp-includes/l10n.php:1370 _doing_it_wrong(), wp-includes/l10n.php:1408 _load_textdomain_just_in_time(), wp-includes/l10n.php:194 get_translations_for_domain(), wp-includes/l10n.php:306 translate(), wp-content/plugins/multisite-clone-duplicator/include/lang.php:6 __(), wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php:32 require_once('wp-content/plugins/multisite-clone-duplicator/include/lang.php'), wp-settings.php:471 include_once('wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Ripple Price Technical Analysis – XRP/USD Bounces Sharply

Ripple Price Technical Analysis – XRP/USD Bounces Sharply

Ripple Price Technical Analysis XRP USD

Key Highlights

Ripple price spiked sharply against the US Dollar and Bitcoin. XRP/USD is now able the $0.2200 and is eyeing more upsides in the near term.

Ripple Price Support

There was an extension to yesterday’s decline in Ripple price below the $0.2200 support against the US Dollar. However, the price was able to find support near $0.2100 and $0.2050. A solid support base was formed near $0.2050 from where the price bounced sharply. The upside move was strong as the price broke the $0.2200 and $0.2350 resistance levels. There was also a break above the 61.8% Fib retracement level of the last decline from the $0.2580 high to $0.2050 low.

During the upside move, yesterday’s highlighted major bearish trend line was broken at $0.2350 on the hourly chart of the XRP/USD pair. The pair even moved above the $0.2400 handle and the 100 hourly simple moving average. A high was formed at $0.2497 from where the price started a downside correction. It has moved below the 23.6% Fib retracement level of the last wave from the $0.2050 low to $0.2497 high.

On the downside, the $0.2300 level is an immediate support. Below the $0.2300 support, the $0.2200 level might also come into picture as a major support in the near term where buyers are likely to appear.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well above the 50 level and is currently correcting lower.

Major Support Level – $0.2300

Major Resistance Level – $0.2450

 

Charts courtesy – Trading View, Kraken

Exit mobile version