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If XRP clears $0.82, a new rally is expected

The price of ripple has risen in recent days, and it now stands at $0.7500 versus the US dollar. The XRP/USD pair even went through the $0.8200 barrier level to enter the green zone.

Finally, the price rose above the $0.9000 mark. Before the downside adjustment, a high was achieved near $0.9165. The XRP support levels of $0.8500 and $0.8200 were broken. The price even fell below the important 23.6 percent Fib retracement level of the rise from the $0.5895 swing low to $0.9165 high.

The pair has even dropped below $0.8000 and the 55 simple moving average (4-hours). The bulls, on the other hand, were active above the $0.7500 support zone.

XRP is holding steady above the 50% Fib retracement line of the crucial rise from the $0.5895 swing low to $0.9165 high. Near the $0.8000 level and the 55 simple moving average, there is imminent resistance (4-hours). Near XRP $0.8200 level, the next major resistance is visible.

On the 4-hours chart of the XRP/USD pair, a big negative trend line is forming with resistance near $0.8200. Any further gains could push the price towards $0.9000. If no upside break occurs above $0.8200, the price may continue to fall.

On the downside, near the $0.7600 level, there is immediate support. Near XRP $0.7500 level, the next important support is visible. Any further losses could push the price down to $0.7000 in the near future.

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