Ripple is slowly moving into a positive zone above the $0.2480 support zone against the US Dollar. XRP price is likely to accelerate higher as long as it is above the 100 SMA (H4).
- Ripple is trading in a positive zone above the $0.2480 support against the US dollar.
- The price is facing hurdles near $0.2580 and it is well above the 100 simple moving average (4-hours).
- There is a key expanding triangle forming with resistance near $0.2600 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
- The pair is likely to accelerate above the $0.2600 resistance and the $0.2620 pivot level.
Ripple Price Showing Positive Signs
In the past three sessions, there were positive moves in bitcoin, Ethereum, and ripple. XRP price formed a decent support base above the $0.2400 level and recently climbed above the $0.2450 resistance.
The price gained pace above the $0.2480 resistance level and settled above the 100 simple moving average (4-hours). There was a spike above the $0.2500 level and a new weekly high is formed near the $0.2580 level.
Ripple is currently consolidating gains and it corrected lower below the 23.6% Fib retracement level of the upward move from the $0.2372 low to $0.2580 high. On the downside, there is a strong support forming near the $0.2475 level and the 100 simple moving average (4-hours).
<img alt="Ripple (XRP) Price" class="alignnone size-full wp-image-438853" data-lazyloaded="1" data-sizes="(max-width: 1828px) 100vw, 1828px" data-src="https://www.cryptotelegraph.com/wp-content/uploads/2020/09/Ripple-XRP-9-64.png" data-srcset="https://www.cryptotelegraph.com/wp-content/uploads/2020/09/Ripple-XRP-9-64.png 1828w, https://www.newsbtc.com/wp-content/uploads/2020/09/Ripple-XRP-9-460×218.png 460w, https://www.newsbtc.com/wp-content/uploads/2020/09/Ripple-XRP-9-860×408.png 860w, https://www.newsbtc.com/wp-content/uploads/2020/09/Ripple-XRP-9-768×365.png 768w, https://www.newsbtc.com/wp-content/uploads/2020/09/Ripple-XRP-9-1536×729.png 1536w,