empty
 
 
29.09.2023 03:11 PM
XRP/USD targeting 0.5578

Ripple edged higher and now is located at 0.5380 at the time of writing, right below today's high of 0.5491. It has registered an 8.52% growth today, from 0.5060 daily low to the daily high.

The altcoin exploded after changing little in the short term. It's up by 7.43% in the last 24 hours and by 5.48% in the last 7 days.

XRP/USD Strong Rally!

This image is no longer relevant

As you can see on the H4 chart, XRP/USD retested the 0.5068 broken resistance after escaping from the minor flag pattern before jumping higher.

Now, it has ignored the downtrend line and the weekly R1 (0.5230 static resistance). It has found temporary resistance and supply right above the R2 (0.5430).

XRP/USD Outlook!

The former high of 0.5578 represents a key upside obstacle. A new higher high, jumping and stabilizing above it may announce a larger swing higher.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback