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Ripple on the rise: + 15% in the last few hours with new bullish signs

Ripple è increased by over 15% in the past 24 hours, and continues to show many bullish signals above the 0,3000 resistance line. Recently, the price of XRP broke many obstacles near $ 0,2880 and the simple moving average of 100, then proceeding quickly towards the threshold of $ 0,3000, after which it is possible that the exchange with the dollar could accelerate quickly. towards resistance levels of $ 0,3400 and $ 0,3600 in the short term.

In recent days, the price of XRP it therefore formed a strong support base at $ 0,2550 and $ 0,2650. As a result, the price started a sharp rise and broke several major hurdles near $ 0.2800 and $ 0.2820. There was then a decisive breakout at $ 0.2825, which opened the door for further push above the $ 0.3000 level and the previously mentioned 100 simple moving average on the 4-hour chart.

At this point, one first immediate resistance it is located near the $ 0,3420 zone. Today's positive above $ 0,3420 could accelerate gains, with the price rising towards $ 0,3550 and $ 0,3600. Further gains could drive the price towards the $ 0,4000 level.

Se Ripple should a downward correction begin, it may find support near the $ 0.3120 level. The first major support is near the $ 0.3000 level, where the bulls are likely to take positions. A strong breakdown zone is also forming near the $ 0.2820 level. A break below $ 0,2820 and $ 0,2800 could push the price into an even more bearish zone in the near term.

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Roberto Rais

A great cryptocurrency expert and a long time collaborator. He actively follows several specialized Blogs in the cryptocurrency sector as Editors

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