XRPUSD Analysis: Ripple Price Might Test $0.34 Levels

February 18, 2019 AtoZ Markets   Ripple price has experienced a bullish momentum which has cleared out all the major hurdles to move towards the next level. At the time of press, the coin is trading at $0.3149 level with a market cap of $31.90 Billion.

Since last week, the price of the coin has moved by $ 0.01170 (3.82%) with a total volume of over $ 83.63 Million. The highest price, $ 0.3209, was on 18 February 2019 at 16:00 GMT while the lowest price, $ 0.2975, was on 12 February 2019 at 02:00 GMT.

Ripple Price Prediction for Short Term

After a couple of bearish moves since the last week, Ripple price shaped strong support around $0.2945 level against the USD. The price of the coin began a nice upside move and traded over the $0.31 weekly resistance level. It opened the pathways for more increases over the $0.31 resistance.

Moreover, there was a break over two bearish pattern lines which were formed with resistance around $0.31 on the hourly chart of the XRPUSD pair. The pair traded near the $0.3194 and $0.3209 resistance levels, where selling pressure increased. The primary support is close to the $0.3039 level, which was a critical resistance before.

The 100 hourly SMA is additionally close to the $0.31 level to go about as strong support in the near term. To the upside, an underlying resistance is around $0.3255 level. The major weekly resistance is near the $0.3358 level, above which buying pressure is probably going to increase.

To sum it up, Ripple price is by all accounts set pleasantly over the $0.2945 weekly support. In any case, an appropriate break above $0.3255 resistance levels is required for more gains. For the time being, there could be a couple of bearish moves, however, the price of the coin is probably going to pick up pace above $0.3255 zone and might target towards $0.34 handle in the upcoming days.

Ripple Weekly Pivot Points

Ripple has weekly support near $0.2945 and resistance near $0.3255 levels.