Ripple price is up over 10% and it broke the $0.4500 resistance against the US dollar. According to successful trader Aayush Jindal, ripple price is showing positive signs and it is likely to continue higher towards $0.5000 and $0.5500.
- Ripple price is rising real slowly to the $0.5000 resistance zone against the US Dollar.
- Price is trading nicely above the $0.4500 pivot level and the 100 easy moving average (4-hours). There was a break above a precious contract triangle with resistance near $0.4350 on the 4-hours chart of
- XRP/USD (data source from Kraken).
- Ripple rebounded to 4th place by market cap.
- According to the analyst, if the pair stays above $0.4200, it could continue to rise to $0.5000.
Successful analyst: Ripple price may continue to rise to $0.5000!
After a minor decline, ripple price found strong buying interest near the $0.4000 level. The price started a fresh increase and it broke the $0.4200 resistance. There was a break above a key contracting triangle with resistance near $0.4350 on the 4-hours chart of the XRP/USD pair.
Ripple price broke the 23.6% Fib retracement level of the downward move. The price is now trading nicely above the $0.4500 pivot level and the 100 easy moving average (4-hours). On the upside, a sudden resistance is near the $0.5000 level.
Here are the levels that Ripple price will see soon
The next major resistance is near $0.5445. This level is close to the 50% Fib retracement level of the real downward move from the $0.7450 high to $0.3424 high. More gains could trigger a rally above the $0.5660 and $0.5800 levels. In the stated situation, the price may even climb above the $0.6000 level, according to the analyst.
If ripple price fails to break above the $0.5000 resistance, there could be a short-term downside correction. The first reinforcement on the downside is near the $0.4500 level. The next major anchor is near the $0.4320 level. A downside break below the $0.4320 support zone could open the doors for a false move to the $0.4200 support. More losses could lead the price to the $0.4000 support zone.
Current view of Ripple price with technical indicators
4-Hours MACD: The MACD for XRP/USD is gaining momentum in the bullish zone.
4-Hour RSI (Relative Strength Index): The RSI for XRP/USD is currently well above the 50 level.
Most Important Underlying Levels: $0.4500, $0.4320 and $0.4200.
Major Levels of Resistance: $0.5000, $0.5445 and $0.6000.
Here are the successful predictions of Aayush Jindal
Kriptokoin.com , as we previously reported, successful analyst Aayush Jindal, Bitcoin, Ethereum, Ripple , Chanlink and many altcoins are a name that has successfully done technical analysis. Aayush Jindal has a history of successfully setting critical levels for many cryptocurrencies. The master analyst also predicted the fall of BTC up to $ 28,500 a short time ago.