Ripple XRP price data analysis shows weakness: XRP/USD mostly dormant

The Ripple XRP price data shows that the XRP/USD pair started a slow and steady rise from the $0.3814 low swing. Bitcoin (BTC) experienced huge surges in its price and landed at the twelve thousand dollars ($12,000) mark while Ripple price has bee lying below the $0.4070 level, not being able to break the resistance.

Ripple XRP grew up steady from $0.30920 resistance to the new resistance level of $0.4000. A $0.4050 resistance level had been breached by it in the 100 hourly simple moving average.

Ripple XRP price landed below the Fibonacci retracement level of over twenty-three percent (23.6%) between the range of $0.3814 low to $0.4086 high. A support level emerged, $0.3960, and the price level went up to the fifty percent (50%) Fibonacci retracement level in the $0.3814 low to the $0.4086 high.

If Ripple seems to show a downward trend, it could well land at the $0.3960 mark from the bullish $0.4008 trend line that has kept steady over the 100 hourly simple moving average.

Ripple XRP price data analysis shows weakness: XRP/USD mostly dormant 2Ripple XRP price chart by Trading View

The immediate resistance forming is at the $0.4070 level. Expected resistance, if the price breaks above the $0.4070 barrier, are: $0.414 and further gains will skyrocket it to $0.4200 and $4220 resistance marks.

Ripple price has been trading in a broad range of supports and resistance for quite long while Bitcoin (BTC) has been showing an upward trend.

Right now, Ripple needs to cross over to the other side- meaning, rise above the $0.4070 to $0.4100 and close there, at the very least. Ripple XRP is trading at $0.3931 at the time of publishing.