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XRP Extends Above $0.22, Goes After $0.25 or $0.26 Targets

Stefan by Stefan
30/04/2020
in Ripple News
Reading Time: 2 mins read
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Ripple XRP Price Rally, level, market,
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XRP extends above the $0.22 value level and the Ripple price is now showing multiple positive signs that signal that the price could continue climbing to the 22 value level and the Ripple price is now showing multiple positive signs that signal that the price could continue climbing to the $0..
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25 or $0.26 level as we are reading in the Ripple XRP price news.

The Ripple value is up by 10% and it climbed above the $0.2300 level, testing the $0.2350 during the consolidating gains. There is a key bullish trend line forming with support close to the $0.2280 on the hourly charts of the pair. The pair remains in a nice uptrend and it will likely continue to rise to the $0.25 resistance level.

This week, there was a strong uptrend in Ripple above the $0.200 resistance and the XRP price fueled bitcoin yesterday by rallying more than 15% to test the $9,000 resistance level. The XRP value is following an uptrend right after it surged above the $0.22 and $0.23 resistance level. The bulls pushed the XRP price towards the $0.2350 with a strong close above the 100 hourly simple moving average. The new monthly high is forming close to the $0.2356 and the ripple XRP price is consolidating gains.

The initial support is close to the $0.2285 and gets close to the 23.6 percent FIB retracement level from the recent surge to the $0.2052 price level low to the $0.2356 price level high. There is a key bullish trend line forming to the $0.2280 hourly chart of the XRP/USD pair and if Ripple fails to stay above the $0.2280 level, there could be an extended decline. XRP extends to the next major support level seen at $0.22 and the 50% Fib retracement level from the previous surge. Any further losses could lead the price to the $0.2120 support or the 100 hourly simple moving average.
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Ripple price
Ripple Price Chart (Source: Tradingview)

Ripple is trading in a strong uptrend above the $0.2280 support area and on the upside the initial resistance is close to the $0.2350 level. If there’s a clear resistance higher, the price could continue increasing to the $0.2500 resistance. The major hurdle for Ripple’s price will be above $0.2500. The hourly MCAD is slowly reducing the current bullish slope and the hourly RSI for the XRP pair is correcting lower than the 80 lines. The next major support line are standing between $0.2280 and $0.2200.

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Tags: ripple priceRipple Price Analysisripple targetXRPxrp extendsxrp increasexrp priceXRP price analysisxrp target
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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