There was a decent support base formed above $0.5050 in Ripple price against the US Dollar. The XRP/USD pair also formed an intermediate swing support at $0.5200, which is acting as a key buy zone...
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However, the price is well supported above the $0.5300 and $0.5200 levels, and the 100 simple moving average (2-hours). At the moment, there is a short-term contracting triangle forming with support at $0.5400 on the 2-hours chart of the XRP/USD pair.
The pair may soon make the next move either above $0.5600 or below $0.5400. On the upside, a proper close above $0.5600 and $0.5620 is needed for more gains. The next resistance is near the 76.4% Fib retracement level of the last decline from the $0.6026 high to $0.5037 low at $0.5800.
Above $0.5800, the price could test the $0.6000 level. On the downside, a break below the $0.5400 zone will most likely push the price back towards $0.5200, below which, XRP price could retest the $0.5050 support area.
Overall, ripple price is ranging above the $0.5200 support area and is preparing for the next move. The chances are high of an upward move above $0.5600 considering the current price action.
Hope so.. Jaldi se ripple rise kare..
I m ripple holder..i hv some some ripple..after read this blog fell good..keep it up dear...
That's true, I'm also xrp holder.. Thnx for appreciate
Amazing post. Btw when it comes to xrp we can expect a bullish move very soon. Hope for the best.
Yup of course.. Thnx for cmnt and keep supporting me I'll do the same for you
Depend on technical analysis, price action, and news effect, it can go beyond that also.
It's seem interesting to me ,I like the way you post such amazing thing I'm impressed with your way you work , it's helping the new steemians to grow
It will...