Latest News

Ripple’s XRP Price Starts Fresh Increase Despite Dull Market Movement

Following a severe decrease, support for ripple’s XRP versus the US Dollar was located near $0.320. Two efforts by the bears to lower the stock below the $0.32 support were unsuccessful.

Before there was a new gain, the most recent low was created around $0.32. Outperforming both bitcoin and ethereum, the price of XRP increased by nearly 15% and broke through the $0.35 obstacle. Price increased over the 23.6% Fibonacci retracement level of the decline from the swing high of $0.5099 to the swing low of $0.3200.


Image Source: XRPUSD on

For a move above the $0.360 barrier, the price picked up speed. It is currently trading below $0.400 and the 100 simple moving average, though (4-hours). Obstacles are currently present around $0.380. On the 4-hours chart of the XRP/USD pair, a significant bearish trend line with resistance near $0.380 is also developing.

Another rally might be sparked by a successful break above the $0.380 and $0.385 resistance levels. Near the $0.415 level is the next significant obstacle. It is very close to the level of the 50% Fibonacci retracement of the decline from the $0.5099 swing high to the $0.3200 swing low. If there are any further gains, the price may move closer to $0.44.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.