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Ripple Price Analysis: Will XRP/USD hold onto $0.28 ahead of the surge above $0.30?

  • Ripple price struggles to stay afloat above $0.28 after the $0.29 seller congestion zone proved impervious.
  • Sideway action comes into play amid reducing volatility and volume across the cryptocurrency market.

Spot rate: $0.2814

Relative change: -0.00146

Percentage change: -0.55%

Trend: Sideways trending

Volatility: Low

XRP/USD daily chart

As long as Ripple stays above the 200-day SMA, more upward action is imminent.

The MACD bullish divergence suggests that bulls are relatively in control in spite of the lack of momentum to break above the resistance at $0.29 and $0.30 respectively.

XRP/USD 4-hour chart

Ripple forges an uptrend within a clear cut ascending channel likely to contain the price movements over the weekend session.

The most likely trend for Ripple is sideways trading as per the horizontally moving RSI.

XRP/USD 1-hour chart

Low volatility levels and reduced volume hint that rapid price movements are unlikely on Friday unless either the resistance at $0.29 is broken or the bears smash XRO past the support at $0.27.

XRP/USD

Overview
Today last price0.2814
Today Daily Change-0.0015
Today Daily Change %-0.53
Today daily open0.2829
 
Trends
Daily SMA200.2422
Daily SMA500.2187
Daily SMA1000.233
Daily SMA2000.2567
 
Levels
Previous Daily High0.2878
Previous Daily Low0.2674
Previous Weekly High0.2465
Previous Weekly Low0.2177
Previous Monthly High0.254
Previous Monthly Low0.1846
Daily Fibonacci 38.2%0.28
Daily Fibonacci 61.8%0.2752
Daily Pivot Point S10.2709
Daily Pivot Point S20.2589
Daily Pivot Point S30.2505
Daily Pivot Point R10.2914
Daily Pivot Point R20.2998
Daily Pivot Point R30.3118

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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