Ripple XRP Expected For More Gains


Ripple has recently seen its price get higher and higher as it broke into the $0.4500 resistance against the US dollar. After the break, there a was upward surge as the price traded above the $0.4600 and the $0.4700 levels.

Due to the move being a powerful one, the price then went onto break in to $0.4800 territory.

The price peaked at just over $0.4830 before price started building up more gains. However, a drawback is that the initial support is near the $0.4800 range. There is also a connection in the bullish trend line which forms with the support at $0.4750 on the hourly chart of the pair of XRP/USD.

Looking below the trend line, the 23.6% level of Fib retracement from the last lag from the low of $0.4432 to the high of $0.4833. Below this, the price could make the decline stretch out towards the $0.4650 price range.

Ripple Chart With Values

As you can see from this chart, the price is positioned neatly in an uptrend above the $0.4700 price. As we move forward, it could even break the record of $0.4833 and maybe even hit the residence of $0.5000.

Read more at:  Crypto Daily

Disclaimer. The eCoin does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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