Ripple, which we detected yesterday in the technical analysis of the Ripple, quickly went through the resistance points and continued to increase its gains to the first hours of the day. On April 20, when the Ripple technical analysis is examined, we see the upward movement of the crypto paran.
The price of the Ripple was strong against the US Dollar after I broke the resistance of 23.6 percent yesterday and reached 0.7000 dollars. The price rose sharply and easily passed between $ 0.7500 and $ 0.8000. In fact, the crypto currency above the level of $ 0.8500 reached its highest monthly value of $ 0.8629. Later, the price was met with little resistance around $ 0.8600, which led to a downward correction.
At the moment, the recent upside wave from $ 0.7010 to $ 0.8629 is close to 23.6% Fib back purchase. However, there are many support down to $ 0.8000. There is also a significant uptrend line supported by the XRP / USD's hourly chart at $ 0.7900. Moreover, the last reversal, rising from $ 0.7010 to $ 0.8629, is a 38.2% Fib recovery level, close to trend line support. For this reason, it is likely that the $ 0.7900- $ 0.8000 zone will act as a large buying area in the nearest vault.
Looking at the chart, the price is in a good upward trend above $ 0.7500. If there is an extended correction from the current level, then it may be a strong buying interest around $ 0.7900. In the upside, a break above $ 0.8600 could drag the price down to $ 0.9000. Accordingly, the XRP / USD main support level is $ 0.7900 and the main resistance level is now $ 0.8600.
