Ripple turned green while the bulls are aiming for the $2 price range after the coin started a fresh rally above the $1.50 barrier against the US dollar so let’s read more in our latest ripple news today.
XRP’s price will likely surge further if it clears the $1.75 and the $1.80 resistance. There was a break above the key bearish trend line with the resistance at $1.58 on the 4-hour chart of the XRP/USD pair. The pair could continue higher if it clears the $1.75 resistance. In the past few weeks, XRP traded in a positive bias above the $1.40 support and the coin formed a support base above this level starting a fresh increase similarly to ETH and BTC.
The price broke a few important barriers near the $1.50 level and there was also a break above the key bearish trend line with the resistance near $1.58 on the 4-hour charts of the pair. The pair cleared the 61.8% fib retracement level from the main downwards move at $1.97 high to the S0.95 low. It is now trading between important barriers near the $1.50level and XRP is now facing hurdles near the $1.75 levels. It seems that the price is having a hard time clearing the 76.5% fib retracement level of the main downwards move from $1.97 high to the $0.95 low with a successful break above these levels being able to spike a new rally. The next key resistance is near the $1.80 level above which the bulls are aiming for a test of $2.0 in the next session.
If ripple fails to clear the $1.75 resistance or the $1.80 it could correct lower. The initial support on the downside is close to the $1.52 level and the next major support is nearing the $1.48 level. If there’s another downside break and close below the $1.48 level, the price could start a new downside correction and could drop to $1.25 support. Ripple turned green and the 4-hour MACD shows that the pair is in the bullish zone while the 4-hour RSI is above the 60 levels.
As reported recently, Ripple adds Rosie Rios to its board of directors due to her 30-year career which focused on economic development, urban revitalization, and real estate finance as per the announcement. Rios described Ripple as one of the “examples of how to use crypto in a substantive and legitimate role to facilitate payments globally.”
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