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News: Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend

News: Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend For the most complete data on all crypto currencies check: | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:


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Crypto tags:

#RippleNews #CryptoNews

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Transcript:

0:00:00 Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend

0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".

0:00:11 Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar.

0:00:19 The price is trading well above the $0.3000 level and it could continue to rise.

0:00:26 There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP/USD pair.

0:00:35 The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels.

0:00:44 Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin.

0:00:52 In the past many analysis, we discussed the importance of the $0.2650 resistance for XRP price against the US Dollar.

0:01:01 Yesterday, we even saw a major breakout pattern forming with resistance near $0.2630 on the hourly chart of the XRP/USD pair.

0:01:11 Finally, the pair gained bullish momentum and broke the main $0.2620 and $0.2650 resistance levels.

0:01:20 It opened the doors for sharp gains above the $0.2720 and $0.2800 resistance levels.

0:01:29 Moreover, the price rallied above the $0.3000 resistance area and gained more than 15%.

0:01:36 Intermediately, there was a break above a bullish continuation pattern with resistance near $0.2930 on the same chart.

0:01:44 A new monthly high was formed near $0.3128 and the price is currently consolidating gains.

0:01:51 An immediate support is near the $0.3060 level.

0:01:56 It coincides with the 23.6% Fibonacci retracement level of the recent rally from the $0.2839 low to $0.3128 high.

0:02:07 On the downside, there are many supports near the $0.3060 and $0.3000 levels.

0:02:16 Moreover, the 50% Fibonacci retracement level of the recent rally from the $0.2839 low to $0.3128 high is near the $0.2985 to act as a solid support.

0:02:29 The next key support is near $0.2950, below which ripple could test the $0.2800 support area.

0:02:38 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.


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