Key Highlights
- Ripple price extended gains and was able to move above the $3.00 level against the US Dollar.
- There are two important bullish trend lines forming with supports at $2.75 and $2.30 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might continue to trade higher and it could even settle above the $3.00 handle.
Ripple price gained further momentum against the US Dollar and Bitcoin. XRP/USD broke $3.00 and it may continue to move higher.
Ripple Price Upside Thrust
There were further gains in Ripple price as it broke above the $2.40 resistance against the US Dollar. The upside move was strong as the price was even able to move above the $3.00 resistance. A high was formed at $3.0505 and it seems like the price may continue to move higher. Before the upside thrust, the price tested the 23.6% Fib retracement level of the last upside leg from the $1.95 low to $2.80 high.
It found support and bounced sharply to move above $3.00. At the moment, there are a few signs of a minor correction towards the 23.6% Fib retracement level of the last wave from the $2.25 low to $3.05 high. There are many supports on the downside such as $2.80 and $2.50. Moreover, there are two important bullish trend lines forming with supports at $2.75 and $2.30 on the hourly chart of the XRP/USD pair. The first trend line is close to the 38.2% Fib retracement level of the last wave from the $2.25 low to $3.05 high.
Therefore, if the pair corrects lower, it will most likely find buyers near $2.50-2.80. On the upside, a break above $3.05 could set the pace for a move above $3.25.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is moving nicely in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 60 level.
Major Support Level – $2.8000
Major Resistance Level – $3.0500
Charts courtesy – Trading View, Kraken
LJ 
dracos2112 
Michael 
vorton 
AugiE Dogg 
Andi Dan 
Mkayed 
Raffaele Garofalo 
Aly 
Adam Duckers 
Commenter13 
Stephen Yurs 
LOL, close but I got you 😉
XRP at $3.80 on coinmarketcap, time to readjust those numbers.
XPR should hit $4 mark by the end of 1/4/18
it’s gonne hit this by the end of january 😀 😀 😀 😀 EVEN MORE!!!!!!!!
Technical analysis on crypto? hmm
I don’t understand why people by this bank MLM.It is made to steal people’s bitcoin. You don’t have a wallet! still…people are buying like crazy.
why?
I could have bought it 3 years ago from Bitstamp…but when I’ve seen that you don’t have wallet for it…and you need to go to the websait so they can give you the wallet…then I’ve sold it immediately.they hold your xrp!
The fact is that you don’t hold the coins…the bank does and also your bitcoin investment.they took your bitcoin and gave you XRP that you don’t hold…
why people buy why?
Maybe there are masses of stupid people that just buy what they were told
You have no idea what you’re talking about, there are wallets for it. There are both hot and cold wallets for; like toast wallet and ledger is a USB wallet. So please don’t next time do some research before decoding to leave a comment.
are you kidding me ? you need to register to the websait and they hold your coins. you don’t hold your private keys they hold it.
just name the free wallet for xrp just name it here.
it is all fake …they steal your btc and give you XRP without a value
Yes they do for a few seconds. You can install an app called toast, that’s an XRP wallet where you can transfer your coin into in literally seconds.
haha! try to install it and use it…you need to obtain their permission from the websait.they give you the private keys and wallet access.
immagine…they give you private keys…it is a fake…a bank fake system
I installed and im using, I didn’t have to give that info to anyone. You have no idea what you’re talking about.
just installed the wallet and is a fake.
you need to activate it to send/receive xrp.
to activate it you must go an register to their websait and give all access to them.
again xrp is fake you don’t own it and is for the banks to steal your btc.
https://uploads.disquscdn.com/images/01202c33267af3591a18015ff1f5dee0e9dd3de87e88e9ef4d64b4809e33113b.jpg
It says not activated simply because you don’t have any XRP
As soon as you send XRP to this wallet, it gets activated, what are you talking about??
It’s clear that you have no clue about Ripple and how a Cold Wallet works
you can’t send any xrp in your wallet because you are not activated by their bank. plese try to use your wallet and only after say that your xrp is good.xrp is the bank’s fake coin
I did few days ago, I bought xrp on Bitstamp and moved them into my cold toast wallet within 10 minutes.
How do you transfer the XRP into your wllet?I have downloaded the toast app
On the website where you bought your ripple, go to where it says deposit/withdraw. Click on withdraw, it’ll ask you what address you want to transfer your ripple to. If you go on toast and click on your account will show you your wallet address. Copy and paste it in the address bar. And you should see your ripple in the wallet in 5 min
Nano s Just give that a google
Conspiracy theory, pure and simple. Most of your argument is negated by a simple stop limit order. XRP investors can get their BTC back the moment they want it. What stupid plan is that?
Blasted through 3.25$ this is crazy bullish, coming for number 1!
The only btc still has volume is because new money is buying btc to buy xrp.
Once added to coinbase volume of xrp will go through the roof and will become number 1!
True utility is worth ALOT
This guy andi dan is a shill from btc miners they are very scared of xrp always have been because they know xrp has the fastest transaction times and lowest fees, IT ACTUALLY WORKS
Btc is controlled by 3 mining pools who can crash it at any time
Btc is centralized
try to install a wallet with XRP and after come and say something about other cryptos. read first and after throw bad words.if you’re not capable of understanding the consensum and decentralisation of money…then buy ripple
You are a liar
Buy nano s ledger works perfectly
You work for the btc miners who are running scared
Go back in your hole liar