Ripple (XRP) Price Showing Bullish Signs: Look For Break Above $0.44

Ripple price started a decent recovery from the $0.3840 support area against the US dollar.
The price traded above the $0.4000 resistance and it is currently showing positive signs.
There was a break above a connecting bearish trend line with resistance at $0.4010 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently trading above the $0.4150 resistance and it could continue higher in the near term.

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Ripple price is showing positive signs against the US Dollar and bitcoin. XRP could continue to climb higher once it clears the key $0.4250 resistance area in the coming sessions.
Ripple Price Analysis
After a strong downward move, ripple price found support near the $0.3840 area against the US Dollar. The XRP/USD pair traded as low as $0.3837 and recently started an upside correction. It recovered above the $0.3950 resistance to move into a short term bullish zone. There was a break above the 23.6% Fib retracement level of the recent drop from the $0.4653 high to $0.3837 low. There was a close above the $0.4000 resistance and the 100 hourly simple moving average.
Moreover, there was a break above a connecting bearish trend line with resistance at $0.4010 on the hourly chart of the XRP/USD pair. The pair is now trading above the $0.4150 resistance and the 100 hourly SMA. On the upside, an immediate resistance is near the $0.4250. The 50% Fib retracement level of the recent drop from the $0.4653 high to $0.3837 low seems to be acting as a strong resistance. If there is an upside break above $0.4250, the price could continue to rise in the near term.
The next key resistance area is near the $0.4340 level. It represents the 61.8% Fib retracement level of the recent drop from the $0.4653 high to $0.3837 low. A successful break above the $0.4340 resistance might start a strong upward move above $0.4400. In the mentioned bullish case, the price could even trade towards the $0.4500 level. On the downside, an initial support is near the $0.4150 level. If there is a downside break below $0.4150, the price might retest the $0.4000 support area.

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Looking at the chart, ripple price is showing a lot of positive signs above the $0.4150 level and the 100 hourly SMA. Therefore, there are chances of more upsides above $0.4340 and $0.4400 in the coming sessions.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well above the 55 level, with a positive angle.
Major Support Levels – $0.4150, $0.4000 and $0.3950.
Major Resistance Levels – $0.4250, $0.4340 and $0.4400.
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