XRP Price Heading Up: Will Gains Continue?

Starting at $0.540, XRP price rose. Price is climbing and likely to breach $0.600 barrier.

Above $0.580, XRP price rose again.
The price is above $0.580 and the 100-hour SMA.

The hourly XRP/USD chart shows a contracting triangle with support around $0.5880.

Bullish momentum may continue if the pair breaks $0.60 barrier.

XRP Expects More Gains

After stabilizing at $0.540, XRP price rose again. Price moved over $0.5650 and $0.5720 barrier but underperformed Ethereum and Bitcoin.

Price rose over the 50% Fib retracement of the falling move from $0.6374 swing high to $0.5404 low. Bulls are meeting resistance at $0.600 despite solid price movement above the 100-hourly Simple Moving Average.

The hourly XRP/USD chart shows a major contracting triangle with support at $0.5880. The pair is above $0.5880 and the 100-hour SMA.

Price of XRP

If the price rises, $0.600 may be resistance. Near $0.6150 is the first big resistance. The next hurdle may be $0.6370. A clean break above $0.6370 might push the price above $0.650. Near $0.6665 is the next significant resistance. More advances might push price near $0.680 barrier.



Another Drop?
XRP may fall again if it fails to break $0.600. The triangle lower trend line and $0.5880 provide first downward support. The next significant support is $0.5650.

A downward break and closing below $0.5650 might push the price around $0.540.

Tech Indicators

#XRP #Ripple $XRP

XRP/USD's hourly RSI is over 50.

Key Support Levels: $0.5880, $0.5650.

Major resistance levels: $0.6000, $0.6150.