XRP Price Dominates Crypto Market As Bitcoin And Ethereum Lag Behind

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Reason to trust How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a steady increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.520 zone. - XRP price started a steady increase above the $1.50 zone. - The price is now trading above $1.480 and the 100-hourly Simple Moving Average. - There was a break above a bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair (data source from Kraken). - The pair could continue to move up if it settles above $1.520. XRP Price Aims for Fresh Increase XRP price started a fresh upward move above $1.450 and $1.4650, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.480 resistance. There was a break above a bearish trend line with resistance at $1.4580 on the hourly chart of the XRP/USD pair. The bulls even pumped the price toward the $1.520 zone. A high was formed at $1.5496, and the price started a consolidation phase. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $1.4109 swing low to the $1.5496 high. The price is now trading above $1.480 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.50 level. The first major resistance is near the $1.520 level, above which the price could rise and test $1.5350. A clear move above the $1.5350 resistance might send the price toward the $1.550 resistance. Any more gains might send the price toward the $1.5740 resistance. The next major hurdle for the bulls might be near $1.5880. Downside Correction? If XRP fails to clear the $1.520 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.480 level and the 50% Fib retracement level of the upward move from the $1.4109 swing low to the $1.5496 high. The next major support is near the $1.4640 level. If there is a downside break and a close below the $1.4640 level, the price might continue to decline toward $1.450. The next major support sits near the $1.4350 zone, below which the price could continue lower toward $1.4120. The main support could be $1.4050. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.4800 and $1.4640. Major Resistance Levels – $1.5000 and $1.5200.

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