Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies

Ripple price is facing a strong resistance near the $0.2900 and $0.2920 levels against the US dollar.
Bitcoin price rallied recently and even broke the $10,600 and $10,800 resistance levels.
Yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline a few points, but it remains supported above $0.2700.

Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal
Wednesday February 19, 2020

Bitcoin started a sharp increase above $9,800 and $10,000 against the US Dollar. BTC is currently consolidating and it could soon rally above $10,200 for the next bullish wave. Bitcoin price is showing positive...

The post Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal appeared first on 12bitplay - Bitcoin Play.

Ripple price is currently correcting gains from $0.2920 against the US Dollar, while bitcoin jumped above $10,800. XRP price is likely to climb sharply if it clears the $0.2920 resistance.
Ripple Price Analysis
Yesterday, we saw a decent recovery in XRP price above the $0.2700 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.2800 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains above the $0.2850 level. More importantly, there were decent gains in other altcoins, including Ethereum, EOS and litecoin.
However, ripple price faced a strong resistance near the $0.2900 and $0.2920 levels. A swing high was formed near $0.2918 and the price recently started a downside correction. It broke the $0.2850 support plus the 23.6% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. Finally, the price found support near the $0.2750 and $0.2760 levels.
Additionally, the price found support near the 50% Fib retracement level of the recovery from the $0.2618 low to $0.2918 high. More importantly, yesterday’s highlighted bullish trend line is active with support near $0.2750 on the hourly chart of the XRP/USD pair. The 100 hourly SMA is also following the trend line and is currently near $0.2720. Therefore, dips towards the $0.2750 and $0.2720 levels remain attractive to the bulls.
On the upside, the main resistances are near $0.2900 and $0.2920. An immediate resistance is near $0.2880 and a connecting bearish trend line on the same chart. A convincing close above the $0.2920 level might start another upward move towards the $0.3000 and $0.3050 levels. An intermediate resistance is near the $0.3020 level.

Bitcoin Price Just Surged to $9,900: Is Upside Past $10,000 Possible?
Sunday February 23, 2020

Over the past 30 minutes, the crypto market has mounted a surprise recovery: Bitcoin, after flatlining around $9,650 for some 36 hours, surged higher just this hour, reaching as high as $9,945 just minutes...

The post Bitcoin Price Just Surged to $9,900: Is Upside Past $10,000 Possible? appeared first on 12bitplay - Bitcoin Play.

Looking at the chart, ripple price is currently trading nicely above the $0.2750 and $0.2720 support levels. Therefore, there are chances of a fresh increase above the $0.2880 and $0.2920 resistance levels. Conversely, a successful hourly close below the $0.2700 support might negate the current bullish view in the coming sessions. The next key support is near the $0.2550 level.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is about to move back into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.2750, $0.2720 and $0.2700.
Major Resistance Levels – $0.2900, $0.2920 and $0.3000.
The post Ripple Price (XRP) Eyes Fresh Increase While Bitcoin Rallies appeared first on NewsBTC.

Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn
Saturday February 22, 2020

Ethereum didn’t fare too well in 2019, as this very outlet reported at the end of last year; in fact, the cryptocurrency posted a negative performance. But, key indicators show that ETH is about...

The post Last Time This Signal Flashed, Bitcoin Surged Over 2,000%. Now It’s Ethereum’s Turn appeared first on 12bitplay - Bitcoin Play.

You may also like...