XRP Price Rallies 15%, Why Ripple Could Outperform Bitcoin and Ethereum

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	28,108,589,942	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

28,108,589,942

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0026	-0.50%	0.5139	0.5139	0.5141

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0026

-0.50%

0.5139

0.5141

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5199	0.5062	0.517	0.5165	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5199

0.5062

0.517

0.5165

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:52:41	99.19	0.5139	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:52:41

99.19

0.5139

USD

Price x Volume	Volume	Base Symbol	Related Pairs
24,846,416.53	48,425,782.81	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

24,846,416.53

48,425,782.81

XRP Price Rallies 15%, Why Ripple Could Outperform Bitcoin and Ethereum

15/11/2022 5:38am

NEWSBTC

Ripple started a strong increase above the $0.350 resistance against the US Dollar. XRP price is now attempting a key upside break above the $0.380 resistance. Ripple started a fresh increase from the key $0.320 support zone against the US dollar. The price is now trading below $0.400 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.380 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.38 resistance zone. Ripple Price Starts Fresh Increase After a sharp decline, ripple’s XRP found support near $0.320 against the US Dollar. The bears made two attempts to push the price below the $0.32 support, but they failed. The recent low was formed near $0.32 before there was a fresh increase. XRP price climbed over 15% and cleared the $0.35 resistance, outperforming bitcoin and ethereum. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low. The price gained pace for a move above the $0.360 resistance. However, it is now trading below $0.400 and the 100 simple moving average (4-hours). It is now facing hurdles near $0.380. There is also a major bearish trend line forming with resistance near $0.380 on the 4-hours chart of the XRP/USD pair. Source: XRPUSD on TradingView.com A successful break above the $0.380 and $0.385 resistance levels could spark another rally. The next key resistance is near the $0.415 level. It is near the 50% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low. Any more gains might send the price towards the $0.44 level. Dips Limited in XRP? If ripple fails to clear the $0.380 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.365 level. The next major support is near $0.342. If there is a downside break and close below the $0.342 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 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 now above the 50 level. Major Support Levels – $0.365, $0.342 and $0.320. Major Resistance Levels – $0.380, $0.385 and $0.415.

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XRPUSD Ripple