XRP price spiked above the $0.3000 resistance and traded to a new multi-week high at $0.3030. The price is now consolidating gains above the $0.2950 and $0.2960 levels. XRP price is currently trading above $0.30 at the time of this article and dips might be limited in the near term.
XRP price has cleared the $.30 resistance and settled way above the 100 simple moving average on the 4 hour chart. As we examine the 4 hour chart close, we can see a major bullish trend line forming with support $.27 on the XRP/USD pair.
4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 65 level.
Major Support Levels – $0.2940, $0.2850 and $0.2770.
Major Resistance Levels – $0.3000, $0.3040 and $0.3050.