XRPUSD analysis: is Ripple ready for another bull run?


February 19, 2019 AtoZ Markets  – Ripple price surged more than 8% during early hours on Tuesday to trade at $0.3380 at the time of press. The third largest coin with the current market value of $13.4 Billion has gained over 13% since last week with a total volume of over $106.96 Million. 

Ripple price prediction for short term

Looking at the charts, Ripple price surged above $0.3050 against the US Dollar. The price of the coin began an uptrend and broke the $0.3000 and $0.3060 resistance levels. The pair now moved into a bullish zone over the $0.3300 resistance and the 100 hourly simple moving average. Soon, the buyers took control over the $0.3100 level, bringing about increases over the $0.3150 and $0.3200 daily resistance levels. The price of the coin traded near the $0.3328 weekly resistance and another weekly high was formed at $0.3498 level.

Afterward, there was a sharp correction below $0.3260 and $0.3240 levels. The price of the coin tested the $0.3174 pivot points. There is a bullish pattern line formed with a support close to $0.3140 on the hourly chart of the XRPUSD pair.

Moreover, buyers are probably going to hold out close to the $0.3160 and $0.3150 levels. In the event that there are extra decline, the price of the coin might test to the $0.3064 support zone. The main weekly support is close to the $0.3064- $0.291 zone. To the upside, next resistance is at $0.3438 level, above which the price of the coin might accelerate towards $0.3592 resistance level.

To sum it up, Ripple price moved into a bullish zone above $0.3300 levels. In any case, buyers need to ensure decline below $0.3100 level. In the event that they go on short, the price of the coin might move in a bearish zone to $0.3000 level again. As for now, buyers should focus on the $0.3400 and $0.3500 resistance levels as long as the price of the coin is above $0.33 level.

Ripple weekly Pivot Points

Ripple has weekly support near $0.3064 and resistance near $0.3438 levels.