RATE Group | Ripple Price (XRP) Struggling While Bitcoin Holding Key Uptrend Support
57053
post-template-default,single,single-post,postid-57053,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ripple Price (XRP) Struggling While Bitcoin Holding Key Uptrend Support

06 Aug Ripple Price (XRP) Struggling While Bitcoin Holding Key Uptrend Support

Posted at 06:32h in Bitcoin News by

[ad_1]

  • Ripple price traded higher recently above the $0.3250 resistance level against the US dollar.
  • The price topped near the $0.3320 resistance and recently declined heavily below $0.3200.
  • There is a connecting bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price could either bounce back above $0.3200 or it might extend losses below the $0.3150 support.

Ripple price is struggling to hold a key support against the US Dollar, while bitcoin is trading with a positive bias. XRP price might bounce back as long as above $0.3150.

Ripple Price Analysis

Earlier this week, ripple price popped above the $0.3200 resistance levels against the US Dollar after Ethereum and bitcoin gained bullish momentum. The XRP/USD pair even broke the $0.3250 resistance and settled above the 100 hourly simple moving average. Moreover, there was a break above the $0.3300 resistance level. However, the upward move was capped by the $0.3320…

[ad_2]

Source link

Tags:
, , , , , , , ,