RATE Group | Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering
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Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering

21 Oct Ripple (XRP) Price Eyeing Upside Break While Bitcoin Is Recovering

Posted at 04:51h in Bitcoin News by

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  • Ripple price is slowly moving higher towards the $0.2950 resistance area against the US dollar.
  • The price is facing an uphill task near the $0.2950 and $0.2980 resistance levels.
  • There is a major bearish trend line forming with resistance near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price could either rally above $0.2950 or it might decline to retest the $0.2850 support area.

Ripple price is making attempt to clear a few key hurdles against the US Dollar, while bitcoin is recovering. XRP price must surpass $0.2950 and $0.2980 for a decent rally.

Ripple Price Analysis

Recently, ripple declined below the $0.2850 support area against the US Dollar. However, the $0.2810 area acted as a support and XRP price started a fresh recovery. The price gained momentum above the $0.2850 resistance. Moreover, there was a break above the $0.2920 resistance and the 100 hourly simple moving average. The price even spiked above the $0.2950 resistance, but it failed to…

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