Ripple is trying to keep up with Bitcoin and Ethereum; however, it is still fighting to fix above the $0.40 level. Besides the technical factors, there are also fundamental reasons that can potentially push the price up. Regarding the recent news background, Ripple opened an office in Brazil and intends to continue expansion to Latin American countries.
On the 30 minute chart, Ripple has broken the resistance level and located near its local maxima. However, the trading volume has not increased a lot, which may mean a correction to the $0.40 area.
What is more, the MACD indicator has been stagnating for a few days already, and its lines are about to move downwards. Once the price comes back to its previous resistance, traders can expect XRP at new highs, as the coin accumulates its position for a potential bull run.
The price of XRP is trading at $0.4020 at the time of writing.
On the 30 minute chart, Ripple has broken the resistance level and located near its local maxima. However, the trading volume has not increased a lot, which may mean a correction to the $0.40 area.
What is more, the MACD indicator has been stagnating for a few days already, and its lines are about to move downwards. Once the price comes back to its previous resistance, traders can expect XRP at new highs, as the coin accumulates its position for a potential bull run.
The price of XRP is trading at $0.4020 at the time of writing.
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