RATE Group | Ripple (XRP) Following Uptrend, BTC & ETH Remain Well Supported
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Ripple (XRP) Following Uptrend, BTC & ETH Remain Well Supported

30 Oct Ripple (XRP) Following Uptrend, BTC & ETH Remain Well Supported

Posted at 14:06h in Ethereum News by

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  • Ripple price is trading above the $0.2980 and $0.2950 support levels against the US dollar.
  • The price is likely to break the $0.3060 and $0.3080 resistance levels in the near term.
  • There is a major rising channel forming with support near $0.2990 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Ethereum is also rising steadily and it is likely to break the $200 resistance.

Ripple price is showing positive signs above $0.2850 against the US Dollar, while bitcoin is trading sideways. XRP price must break $0.3100 to accelerate higher.

Ripple Price Analysis

In the past three sessions, there was a steady rise in ripple above the $0.2850 and $0.2880 resistance levels against the US Dollar. Moreover, XRP/USD climbed above the $0.3000 resistance levels and settled well above the 100 hourly simple moving average.

There was a spike above the $0.3060 level and the recent swing high was formed near the $0.3065 level. At the moment, the price is correcting lower below the 23.6% Fib…

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