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XRP Price Is Stuck On $0.28 Resistance. What Might Happen When It Breaks?

Price Analysis
Tue, 10/08/2019 - 07:35
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Vera Yurina
XRP is keeping around $0.28 resistance, but when it will break this level? Let’s check one XRP price prediction from TradingView
XRP Price Is Stuck On $0.28 Resistance. What Might Happen When It Breaks?
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XRP has just escaped from the $0,25 zone, but seems to have encountered a new very strong resistance. What will happen next, and can XRP break the current level? Let’s check one XRP price prediction from TradingView – it will give you a clearer picture of XRP price. 

XRP should break resistance
Ripple (XRP) price chart by TradingView

XRP has breached the $0.26 resistance and was rejected at $0.28. It means that we should expect a pullback to the $0.265 to $0.27 levels. XRP will stay in this channel for a few days and only then retest $0.28. If it breaches $0.28, expect a run to $0.33. It may take up to three more tries before if breaches $0.28.

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XRP Leading the Market to the New Rally After Fast 10% Rise?

Generally, Ripple just printed a strong bullish candle to break pass 0.269 (EMA50). This setup is quite bullish if the daily candle closes above EMA50 and can signal that XRP/USD is ready to move higher.

Most probably, XRP will retest the $0.28 level during this or the next week. Keep tabs on the market!

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions, can be contacted at vera.yurina@u.today