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Transcript:
0:00:00 Ripple (XRP) Price Poised for Further Appreciation: BTC, ETH Jumps
0:00:06 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".
0:00:12 Ripple price started a decent upward move and broke the $0.2960 resistance against the US dollar.
0:00:19 There is a short term breakout pattern forming with resistance near $0.3085 on the hourly chart of the XRP/USD pair.
0:00:28 The pair could continue higher and it is likely to test the $0.3175 and $0.3200 resistance levels.
0:00:38 Ripple price starts a decent rebound against the US Dollar, along with bitcoin.
0:00:42 XRP is currently trading with a positive bias and looks set to test the $0.3200 barrier.
0:00:50 After a major drop, ripple price formed a strong support above the $0.2850 level against the US Dollar.
0:00:58 The XRP/USD pair slowly climbed above the $0.2880 and $0.2900 resistance levels.
0:01:07 Later, there was a close above the $0.2920 resistance level and the 100 hourly simple moving average.
0:01:14 Besides, the price cleared the 61.8% Fibonacci retracement level of the drop from the $0.3082 high to $0.2798 low.
0:01:26 It opened the doors for more gains and the price spiked above the $0.3080 level.
0:01:32 A high was formed near the $0.3088 level and the price is currently consolidating gains.
0:01:38 Furthermore, there is a short term breakout pattern forming with resistance near $0.3085 on the hourly chart of the XRP/USD pair.
0:01:48 Below the triangle support, the 23.6% Fibonacci retracement level of the recent wave from the $0.2836 low to $0.3088 high might act as a support.
0:02:00 The next key support is near the $0.2960 level.
0:02:05 The 50% Fibonacci retracement level of the recent wave from the $0.2836 low to $0.3088 high is also near the $0.2960 level.
0:02:18 On the upside, a break above the $0.3085 and $0.3100 levels is likely to open the doors for more gains.
0:02:27 The next key resistance is near the $0.3160 and $0.3175 levels.
0:02:35 Above these, the price is likely to grind further higher towards the $0.3200 resistance level.
0:02:42 Thanks for watching this video.
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.
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