<div><h2>Key Highlights</h2>
<ul><li>Ripple price is trading lower after testing the $0.9000 resistance level against the US dollar.</li>
<li>There is a key bullish trend line forming with support near $0.8400 on the hourly chart of the XRP/USD pair (data source from Kraken).</li>
<li>The pair must remain above the $0.8250 support and the 100 hourly simple moving average to avoid declines.</li>
</ul><p><em>Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD should hold the 100 hourly SMA to start a fresh upside wave towards $0.9200.</em></p>
<h2>Ripple Price Support</h2>
<p>There were no <a href="https://www.newsbtc.com/2018/04/27/ripple-price-technical-analysis-can-xrp-usd-break-100-sma-2/" target="_blank">major gains</a> in Ripple price above the $0.9000 level against the US Dollar. The price started a downside move from the $0.9091 high and declined below $0.9000. There was a break below the 23.6% Fib retracement level of the last wave from the $0.7558 low to $0.9091 high. It opened the doors for more losses and the price declined below the $0.8500 support.</p>
<p>However, the price found support above the $0.8250 level. Moreover, the 50% Fib retracement level of the last wave from the $0.7558 low to $0.9091 high acted as a support. XRP price recovered and moved above $0.8300 with a positive angle. At the moment, there is a key bullish trend line forming with support near $0.8400 on the hourly chart of the XRP/USD pair. The trend line support at $0.8400 holds a lot of importance since it is near the 100 hourly simple moving average. As long as the price is above $0.8400, it <a href="https://www.newsbtc.com/2018/04/26/ripple-price-technical-analysis-can-xrp-usd-recover-2/" target="_blank">could rise</a> in the near term.</p>
<p><img src="https://s3.amazonaws.com/main-newsbtc-images/2018/04/30041517/Ripple-Price20.png" alt="Ripple Price Technical Analysis XRP USD" width="1824" height="917"><br></p>
<p>Looking at the <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank">chart</a>, there is a crucial support near $0.8250, which is also a pivot level. A break below $0.8250 could open the doors for more losses. On the upside, a break above $0.9000 is needed to start a fresh upside wave.</p>
<p><strong>Looking at the technical indicators:</strong></p>
<p><strong>Hourly MACD</strong> &ndash; The MACD for XRP/USD is slightly in the bearish zone.</p>
<p><strong>Hourly RSI (Relative Strength Index) </strong>&ndash; The RSI for XRP/USD is now below the 50 level.</p>
<p><strong>Major Support Level</strong> &ndash; $0.8250</p>
<p><strong>Major Resistance Level</strong> &ndash; $0.9000</p>
<p>The post <a href="https://www.newsbtc.com/2018/04/30/ripple-price-technical-analysis-xrp-usd-holding-key-support-2/">Ripple Price Technical Analysis &ndash; XRP/USD Holding Key Support</a> appeared first on <a href="https://www.newsbtc.com">NewsBTC</a>.</p></div><br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://icoinfo.space/index.php/2018/04/29/ripple-price-technical-analysis-xrp-usd-holding-key-support/</em><hr/></center>