Ripple market update: XRP/USD bulls back in action as XRP inches closer to $0.38
|- Recently Ripple explored the levels around $0.37 but tanked again below $0.33.
- XRP/USD adds more than 11% and brushes shoulders with $0.38.
XRP/USD is leading the recovery on the market ahead of the weekend sessions. Recently Ripple explored the levels around $0.37 but tanked again below $0.33. The former range resistance, now a support at $0.3272 prevented further declines. This also marked the beginning of the ongoing bullish momentum.
Ripple has spiked more than 11% on the day not only stepping above $0.37 but also brushing shoulders with $0.38. The price currently dances with $0.3670 amid a building bullish momentum as indicated by the RSI at 65.71. The indicator is sloping upwards towards the overbought. Moreover, the MACD is in an upward trajectory as well to show that the bull will remain in control in coming mid-morning session on Friday.
As far as support levels are concerned XRP will find short-term support at $0.36. If declines progress, $0.34 and $0.3272 will come in handy. In addition to that, the 50 SMA is offering support at $0.3258 and the 100 SMA at $0.3184.
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