The past week was not very good for the cryptocurrencies. The XRP/USD pair depreciated; however, there was resistance at the point of $0.4500, but the coin even crossed the stable support level of $0.4400. It fell below the 55 moving average periods (4-hours).
The price tested at the crucial level of the $0.400 and then surged again to reach the level of $0.4200. When the price reaches $0.4350, the increase in the price was quite slow; however, it was steady.
The 4-hour price chart revealed a strong bullish line and the support is found to be at $0.4400.
A decline below this level can set the support level around $0.4200, and more depreciation can cause the support to reach to $0.400. On the upward point, the price can reach $0.4600, and more surge in the value can cause the resistance level to reach to $0.4800.
Currently, the price chart indicates that the bullish pattern for Ripple with a support area around $0.4400 and the price can break this point it can reach to $0.4600. If the surging trends prevail, the target of $0.5000 can be achieved in the near future.
The technical indicators revealed the following results. The MCAD indicator shows slow and steady bullish trends for XRP/USD pair. The RSI is indicating at above 50 levels and surging market.
The key support levels are found to be $0.4400, $0.4350 and $0.4200, and the resistance levels are currently standing at the $0.4600 and $0.4800 marks.