Home Ripple price analysis: XRP/USD re-enters $0.30 zone, looks to break through $0.3025 resistance level
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Ripple price analysis: XRP/USD re-enters $0.30 zone, looks to break through $0.3025 resistance level

FX Street
Published date:
  • The MACD indicator shows sustained bearish momentum.
  • The market has found support at the upward trending line.

XRP/USD is on course of charting its second straight bearish day. So far this Tuesday, Ripple has gone up from $0.299 to $0.3024. The bulls are looking to break past the $0.3025 resistance level, which has thwarted them twice before. The hourly chart shows us that after finding intraday support at $0.289, the price had gone up to $0.30384. Since then, the price has corrected itself around $0.3024.

XRP/USD daily chart

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The price has found support at the upward trending line and the 20-day Simple Moving Average (SMA 20) curve. Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum, while the Elliott Oscillator has had eight consecutive red sessions. The Relative Strength Index (RSI) indicator is trending around 60.
 

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