*Ripple (XRP) gained the bullish momentum and traded at $ 0.877 against the US dollar.
*There is a small downward trend in the XRP / USD pair with an hourly chart showing resistance from 0.8800 USD.
*The parity can fix several points. However, it will continue to be supported over the $ 0.8000 level in the near-term.
XRP is trading in a bullish zone against US dollar and Bitcoin. The XRP / USD pair may be short-lived. However, it can be purchased at around $ 0.8000.
Ripple (XRP) price support
Against the US dollar, Ripple is trading at $ 0.877. The selling price has already exceeded the levels of 0,850 and 0,900 dollars and started to be traded at 0.940 from a new monthly high level. Later, a small downward correction began and the XRP moved below $ 0.850 support. Traders traded at a low level of $ 0.808, where the downtrend was conserved. The XRP entered the recovery phase, recovering 50% of the previous decline
However, the upward rebound has remained at the level of $ 0.910. Moreover, the last decline of 76.4% Fib recovery level remained a low barrier from $ 0.940 to $ 0.808. The XRP has experienced a break above the $ 0.940 level, and the price is down. At the moment, there is a small downward trend in the XRP / USD pair's hourly chart, with resistance at $ 0.880. As long as the parity is below the resistance level of 0.880, it may be further improved in the near-edge.
When you look at the graph, it seems that the price is well above $ 0,800. For this reason, the current correction will be completed soon and will likely break the $ 0,900 level to maintain the upward trend.
Technical description Ripple (XRP), price analysis
Hourly MACD: MACD for XRP / USD is now in decline.
Hourly RSI (Relative Power Index): RSI for the XRP / USD is now well under 50 levels.
Major support level: $ 0.800
Great resistance level: $ 0.880