The Ripple price reports an increase of 7.57% allowing the value to rise above $ 0.53 cents.
The price of the Ripple began an upward recovery and moved above the level of $ 0.4800 against the US dollar.
There was a break above the crucial bearish trend line highlighted yesterday with a resistance of $ 0.4880 on the hourly chart of the XRP / USD pair.
The pair can continue rising towards the next resistance near the $ 0.5180 level.
The price of the XRP is showing some positive signs against the US dollar and Bitcoin. XRP / USD could correct even more if it is above $ 0.4800.
There was a decent bullish movement from the minimum of $ 0.4485 on the price of the XRP against the US dollar. The price quoted higher and was successful in trading above the resistance of $ 0.4750. In addition, there was a break above the Fibonacci retracement level of 23.6% in the last move to the downside, from the low of $ 0.5491 to the low of $ 0.4487. These are positive signs above the $ 0.4750 level.
More importantly, there was a break above the crucial bearish trend line highlighted yesterday with a resistance of $ 0.4880 on the hourly chart of the XRP / USD pair. The pair also managed to settle above the $ 0.4800 level and the 100-hour simple moving average. For the time being, the price is trading just above the 50% retracement level of the last downward movement, from the minimum of $ 0.5491 to the minimum of $ 0.4487. You can continue to increase towards resistance levels of $ 0.5100 and $ 0.5180 if the price gains traction.
Above $ 0.5180, the price could even trade towards the $ 0.5500 level. On the negative side, the SMA of 100 hours and $ 0.4900 is a short-term support. Below $ 0.4900, support of $ 0.4800 must contain decreases. If the price does not stay above $ 0.4800, there could be a new $ 0.4500 level test.
MACD per hour: MACD for XRP / USD is slowly gaining pace in the bullish zone.
Hourly RSI (relative strength index): the RSI for XRP / USD is now well above level 50.
Main support level: $ 0.4800
Higher resistance level – $ 0.5180