Ripple price is attempting recovery against US dollar but is it still in bearish zone or Bullish?
Come let's have a look on Ripple's Technical Analysis.
Seeing the chart ,Ripple has managed to cross it's resistance level of $0.46 and even crossed the $0.47 mark.
Now from here XRP is Bullish ,yes you heard it right.We can see a good rebound from here in XRP price against USD.
Now Ripple has a good support level on $0.46 & $0.47 as well and now the major resistance level of Xrp is at $0.49 & $0.50,if it breaks then we may see a good Bull run in Xrp .
Xrp is a coin that doesn't follows the trend of Bull run ,as you all saw past month when Btc was around $9800 ,Xrp was still not that high and we all know that Xrp has it's all time high of around $3.
TECHNICAL ANALYSIS
Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI – The RSI for XRP/USD is currently near the level of 50.
Major Support Level – $0.4650
Major Resistance Level – $0.5000
So my friends,if everything goes well like analysed we may soon see Ripple touching new all time highs.