Musiccosmos

Key Highlights Ripple price found a strong buying interest around $0.3120 and recovered sharply against the US dollar. There was a break above a key connecting bearish trend line with resistance at $0.3340 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair tested the $0.3550 resistance and is currently consolidating gains above $0.3200 . Ripple price reversed yesterday’s losses and gained traction against the US Dollar and Bitcoin. XRP/USD broke the $0.3350 level to move into a positive zone. Ripple Price Upside Move Yesterday, we saw a bearish reaction below the $0.3300 level in Ripple price against the US Dollar. The XRP/USD pair tested an important support area near $0.3120 where buyers emerged. A low was formed at $0.3125 before the price started an upside recovery. The price broke the $0.3300 resistance to start a decent recovery. Later, it cleared the 61.8% Fib retracement level of the last drop from the $0.3534 high to $0.3125 low. It opened ...

Key Highlights Ripple price gained momentum recently and settled above the $0.3000 and $0.3200 resistances against the US dollar. There is a new important connecting bullish trend line in place with support at $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on the downside above $0.3200 and is placed in an uptrend. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD could continue to gain traction above the $0.3400 and $0.3500 levels. Ripple Price Support This past week, there was a nice upside move in Ripple price above the $0.2800 resistance level against the US Dollar. The XRP/USD pair gained traction and buyers were successful in pushing the price above the $0.3000 and $0.3200 resistance levels. The price also climbed above the $0.3500 resistance level and traded close to the $0.3800 level. A high was formed at $0.3765 and later the price corrected lower. It declined below the $0...

Key Highlights Ripple price is moving higher and it has settled above the $0.2800 and $0.2900 resistances against the US dollar. Yesterday’s highlighted key bearish trend line is almost breached near $0.3020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to gain momentum above the $0.3020 and $0.3080 levels in the near term. Ripple price is gaining bullish momentum against the US Dollar and Bitcoin. XRP/USD could continue to move higher once it settles above $0.3020. Ripple Price Trend During the past two sessions, there were positive moves in Ripple price above the $0.2700 level against the US Dollar. The XRP/USD pair traded higher and broke the $0.2800 and $0.2900 resistance levels. It even settled above $0.2900 and the 100 hourly simple moving average. Moreover, there was a break above the 38.2% Fib retracement level of the last decline from the $0.3575 high to $0.2466 low. The current price action indicates that ripple could contin...

Key Highlights Ripple price corrected higher recently and broke the $0.2660 and $0.2800 resistances against the US dollar. There is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently below the 100 hourly SMA, but it remains supported near $0.2660. Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.2660 to recover further above $0.3000 in the near term. Ripple Price Support Yesterday, a decent upside move kicked off and Ripple price moved above the $0.2660 resistance against the US Dollar. The XRP/USD pair even broke the $0.2800 and $0.2850 resistance levels to set the pace for more gains. However, the $0.3000 resistance acted as a major hurdle for buyers. The price failed to settle above $0.3000 and formed a high at $0.3029. Later, it corrected lower below the 23.6% Fib retracement level of the last wave from the ...