RATE Group | Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500
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Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500

19 Jul Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500

Posted at 06:00h in Bitcoin News by

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  • Ripple price recovered steadily after trading below the $0.2900 support level against the US dollar.
  • The price climbed higher and broke the key $0.3000 and $0.3200 resistance levels.
  • It seems like an ascending channel is forming with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is likely to break the $0.3280 resistance and trade above the $0.3320 level in the near term.

Ripple price is showing a lot of positive signs above $0.3200 against the US Dollar since bitcoin rallied 10%. XRP price could continue to rise if its breaks $0.3280 and $0.3300.

Ripple Price Analysis

Recently, we saw a major downward move in ripple price below the $0.3000 support against the US Dollar. The XRP/USD pair even broke the $0.2900 support and tested the $0.2850 support area. A new monthly low was formed near $0.2833 and the price recently started an upside correction. There was a break above the $0.3000 and $0.3100 resistance levels.

Moreover, the price settled…

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