RATE Group | Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K
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Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K

19 Aug Ripple Price (XRP) Rebounding Nicely As Bitcoin Holding Above $10.2K

Posted at 04:56h in Bitcoin News by

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  • Ripple price is currently trading with a positive bias above $0.2750 against the US dollar.
  • Bitcoin price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery.
  • There is a key bullish trend line forming with support near $0.2700 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to accelerate higher above the $0.2900 and $0.2950 resistance levels.

Ripple price is currently rebounding with a positive bias against the US Dollar, similar to bitcoin. XRP price must surpass the $0.2920 resistance to continue higher.

Ripple Price Analysis

This past week, we saw a strong decline in XRP price below the $0.3000 support against the US Dollar. The XRP/USD pair even broke the $0.2500 support level. Finally, it traded towards the $0.2340 level and recently started an upside correction. The crypto market recovered in the past few sessions, with positive moves in Ethereum, ripple, EOS and litecoin.

Ripple price climbed above the $0.2650 and…

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