Ripple Price Analysis: Fresh Rally Possible Above $0.52
Ripple price started a downside correction from the $0.5850 zone against the US dollar. The price is now trading below $0.512 and the 55 simple moving average (4 hours). Mayroong isang pangunahing linya ng trend ng bearish na bumubuo sa paglaban malapit sa $ 0.5080 sa tsart na 4 na oras ng pares na XRP / USD (mapagkukunan ng data mula sa Kraken). Ang pares ay maaaring magsimula ng isang malaking pagtaas sa itaas ng $0.5120 na pagtutol. Pagsusuri ng Ripple Price This past month, Ripple price saw a strong increase above the $0.4850 resistance against the US Dollar. The XRP/USD pair even climbed above the $0.50 resistance to move into a positive zone. There was a steady increase and the price climbed toward the $0.60 resistance. A high was formed near $0.5847 and the price recently corrected lower. There was a move below the $0.550 and $0.520 levels. It tested the $0.4820 zone. A low is formed near $0.4822 and the price is now consolidating. XRP price is now trading below $0.512 and the 55 simple moving average (4 hours). On the upside, the price is facing resistance near $0.5080. There is also a key bearish trend line forming with resistance near $0.5080 on the 4-hours chart