Ripple XRP price analysis indicate bulls to reach $0.30

Ripple XRP price has increased by one percent (1%) over the preceding day, and the cryptocurrency is currently trading at $0.2889. The third-largest cryptocurrency has been failing to break through to the psychological barrier of $0.30 for quite some time.

Among the top five (5) cryptocurrencies in the market, Ripple XRP has performed the best with a total incline of over seventeen percent (17.72%) within the previous two weeks.

This increase in the Ripple XRP price has allowed it to reach its previous mark of $0.30, which had given adequate support to XRP until the level broke three months ago.

Reportedly, the increase is due to XRP’s ongoing surge against Bitcoin, while it surpassed three thousand and four hundred satoshis (SATS).

With its market cap of over twelve billion dollars ($12.62bil), XRP comes third in the list of the largest cryptocurrencies of the world.

Ripple XRP price movement against United States dollar

Since the first week of October, the Ripple XRP price has been observed having troubles climbing past the resistance level of $0.2811. XRP’s price surpassed the one-hundred Exponential Moving Average (EMA), at $0.2890.

ripple xrp price chart against usd 15 october 2019Ripple XRP price chart by Trading View

Eventually, XRP reached the resistance level at $0.30. The closest level of resistance is observed at $0.30, while other resistance levels are seen at:

  • $0.308
  • $0.3177, with a two-hundred days Exponential Moving Average (EMA)
  • $0.3262, with a bearish Fibonacci Retracement of under one (0.382)
  • $0.3371
  • $0.35
  • $0.3613

On the other hand, the closest support level exists at $0.2890 with a one-hundred days’ Exponential Moving Average (EMA). Below this, the support levels have been seen at:

  • $0.2811
  • $0.28
  • $0.2584
  • $0.25
  • $0.24
  • $0.2345

Ripple XRP’s trade volume has surpassed its average measure for September. The Relative Strength Index (RSI) lies in a bullish region, while they control the market’s moment.

The Stochastic Relative Strength Index (RSI) is currently in an excessively bought region, while a bearish crossover signal is expected to make the market lower for a brief period.

Ripple XRP price movement against Bitcoin BTC

Against the Bitcoin (BTC), Ripple XRP price surpassed the resistance placed over three thousand and three hundred (3375) satoshis (SATS). Followed by its breakthrough of the resistance level placed at three thousand and five hundred (3500) satoshis (SATS).

XRP met the resistance level placed over three thousand and five hundred (3568) satoshis (SATS), with a bearish Fibonacci Retracement of under one (0.382).

ripple price chart against btc - 15 october 2019Ripple XRP price chart by Trading View

If the bulls surpass the resistance level at over three thousand and five hundred satoshis (3568), greater levels of resistance are expected to be placed at:

  • Over three thousand and six hundred satoshis (3666)
  • Over three thousand and seven hundred satoshis (3739)
  • Over three thousand and nine hundred satoshis (3963), with a bearish Fibonacci Retracement of under one (0.5)
  • Four thousand satoshis (4000)
  • Four thousand and one hundred satoshis (4100), with a two-hundred days Exponential Moving Average (EMA)
  • Over four thousand and three hundred satoshis (4305), with a bearish Fibonacci Retracement of under one (0.618).

On the other hand, the closest level of support exists at three thousand and five hundred satoshis (3500). Under this, the support levels lie at:

  • Over three thousand and three hundred satoshis (3375)
  • Over three thousand and three hundred satoshis (3324)
  • Three thousand and two hundred satoshis (3200), with a one-hundred days Exponential Moving Average (EMA)
  • Three thousand (3000) satoshis

The cryptocurrency’s trade volume is below its average measure for September. The Relative Strength Index (RSI) leans towards a bullish region, as it is placed over the fifty (50) level.

The Stochastic Relative Strength Index (RSI) has developed a bullish crossover signal that has brought the market at an upper level.