• Ripple is steadily rising above the $0.380 resistance against the US Dollar.
• There is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair.
• XRP price could rally further if it clears the $0.4320 resistance zone.
Ripple’s XRP has been on an upward trajectory in recent weeks, with the cryptocurrency climbing steadily above the $0.380 resistance against the US Dollar. There is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair, which could provide additional momentum for the cryptocurrency. If the bulls can push the price above the $0.4320 resistance zone, then it could spark a rally towards the $0.45 level.
The bulls have been able to break the $0.380 resistance level and the 100 simple moving average (4-hours). The price is currently trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.
If the bulls can clear the $0.4320 resistance zone, then the price could rally towards the $0.45 level. Any further gains could open the doors for a push towards the $0.50 level. On the downside, the $0.3960 and $0.3900 levels could act as strong supports. A close below the $0.3900 support could start a fresh decline in the near term.
The 4-hours MACD for XRP/USD pair is gaining momentum in the bullish zone, with a positive bias. The 4-hours RSI is also rising and it is now above the 50 level. The major support levels are $0.3960 and $0.3900, while the key resistances are $0.4320 and $0.45.