chart<\/a>, ripple price is clearly trading near a few important supports near the $0.3950 level. Therefore, the price could either bounce back or break $0.3950 to decline further. The technical structure is positive and it seems like there are chances of a fresh increase above $0.4200 and $0.4300. However, a successful follow through above $0.4300 could open the doors for more gains in the near term.<\/p>\nTechnical Indicators<\/h2>\n Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bearish zone, with a few negative signs.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is just above the 50 level, with a positive angle.<\/p>\n
Major Support Levels \u2013 $0.3950, $0.3780 and $0.3610.<\/p>\n
Major Resistance Levels \u2013 $0.4200, $0.4300 and $0.4500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ripple price formed support near the $0.3610 level and recently recovered against the US dollar. The price traded towards $0.4300 and it is currently correcting lower towards $0.3900. There is a short term rising channel forming with support near $0.3950 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is likely to bounce back above $0.4100 or could decline sharply towards the $0.3610 support. Ripple price seems to be following a decent bullish path against the US Dollar, but struggling vs bitcoin. XRP is likely to find a strong support near $0.3950 and it could climb back above $0.4100. Ripple Price Analysis After a strong decline, ripple price found support near the $0.3610 against the US Dollar. The XRP\/USD pair started a decent rebound and traded above the $0.3850 and $0.4000 resistance levels. The recent recovered was convincing since the price traded towards $0.4200 and settled above the 100 hourly simple moving average. A swing high was formed at $0.4295 and the price recently corrected lower. It traded below the $0.4150 support and the 23.6% Fib retracement level of the recent leg from the $0.3632 low to $0.4295 high. The price is now approaching a key support area near the $0.4000 and $0.3950 levels. There is also a short term rising channel forming with support near $0.3950 on the hourly chart of the XRP\/USD pair. The 50% Fib retracement level of the recent leg from the $0.3632 low to $0.4295 high is also near the $0.3960 level. Moreover, the 100 hourly simple moving average is also acting as a support near $0.3960. If there is a downside break below the $0.3960 support, there are chances of more losses. The next key support is near the $0.3780 level. If there are further losses, the price may revisit the $0.3610 support area. Conversely, if the price bounce back, it could retest the $0.4200 and $0.4300 levels. Above $0.4300, the price is likely to rise towards the $0.4500 level. Looking at the chart, ripple price is clearly trading near a few important supports near the $0.3950 level. Therefore, the price could either bounce back or break $0.3950 to decline further. The technical structure is positive and it seems like there are chances of a fresh increase above $0.4200 and $0.4300. However, a successful follow through above $0.4300 could open the doors for more gains in the near term. Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is slowly moving in the bearish zone, with a few negative signs. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is just above the 50 level, with a positive angle. Major Support Levels \u2013 $0.3950, $0.3780 and $0.3610. Major Resistance Levels \u2013 $0.4200, $0.4300 and $0.4500.<\/p>\n","protected":false},"author":67,"featured_media":328926,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-382899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n
Ripple (XRP) Price Near Make-or-Break Levels: Can Bulls Take Over?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n