The price analysis of Ripple has revealed that it has surged above $0.42 in comparison to U.S. dollars. In the last few weeks, there was depreciation of prices of important coins like Bitcoin, ADA, and ripple against U.S. dollars.
The price analysis of XRP/USD shows the slow and stable increase of the price of Ripple and it has successfully crossed the $0.385 resistance point and continue to surge. The upward resistance level was spotted at $0.3950.
Current market trends are bullish for ripple and the pair is trading above 55 moving average and the pair has settled above $0.3950 resistance. If the surging trend continues and the market trends remain positive the strong surge in the price would be expected in the near future.
Also, the next resistance point is speculated to be around $ 0.440. The price chart indicates strong support in the range of $0.3950. If there would be any negative trend or downside correction the buying interest would lie around $0.4000.
The price chart of Ripple revealed that recently the trading is above the $0.4000 point. If the surging trends prevail it could reach easily to the level of $0.4450 in the near future.
The technical indicators are showing different results like MCAD is indicating surging market trends. RSI is also pointing that the pair will rise above 50 levels.
The support areas lie in the ranges $0.4020, $0.4000, and $0.3950 and the resistance ranges are expected to lie in the zone between $0.4260 and $0.4450.