bullish

Resistance

<p style="text-align: left;">Despite an uneventful weekend, XRP started Monday in green.</p>
<p><strong>Key Support levels: $0.54</strong></p>
<p><strong>Key Resistance levels: $0.68</strong></p>
<h2 id="1-price-find-support">1. Price Find Support</h2>
<p>After a roller coaster volatility, XRP’s price finally found good support at 54 cents and it seems buyers are again interested in taking this cryptocurrency higher. If successful, the current target and resistance is found at 68 cents.</p>
<figure id="attachment_352986" aria-describedby="caption-attachment-352986" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-25-50.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-352986" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-buyers-return">2. Buyers Return</h2>
<p>If over the weekend buyers were absent, they appear to have returned today with the price rallying by 4% from the key support. If this buy volume continues, sentiment could soon turn bullish again to see XRP attempt a sustained rally.</p>
<figure id="attachment_352985" aria-describedby="caption-attachment-352985" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-352985" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10.png" alt="XRPUSDT_2024-08-12_18-26-10" width="2437" height="1188" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-768x374.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-2048x998.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-10-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-352985" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-weekly-macd-remains-bullish">3. Weekly MACD Remains Bullish</h2>
<p>Even if the past few weeks were extremely volatile, the weekly MACD histogram made a higher high today which gives hopes of a sustained rally in the days and weeks to come. If confirmed, the current resistance at 68 cents will likely be put under pressure soon.</p>
<figure id="attachment_352984" aria-describedby="caption-attachment-352984" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-352984" src="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57.png" alt="XRPUSDT_2024-08-12_18-26-57" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-12_18-26-57-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-352984" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/why-is-the-ripple-xrp-price-up-today-14/" rel="noopener noreferrer nofollow">Why is the Ripple (XRP) Price Up Today?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Why is the Ripple (XRP) Price Up Today?

Table of Contents

CryptoPotato_News

Other articles published on Aug 12, 2024

Cosmos Price Forecast: A Bull Run Ahead or Bears Strike Again?

Bitcoin Started the Week with a Drop! How Much More Can BTC Fall? Famous Analysis Company Announc...

PlayFi to Launch Genesis Node Sale Early After 70K Transactions in One Week

Investors Predict Toncoin Price Drop Despite Recent Surge

Bitcoin Eyes $70K as Whales Accumulate Amid Market Volatility and Key Data Releases, Says Analyst

Venezuela Blocks Access to Binance and Social Media Platform X Amid Political Tensions

Join our free newsletter for daily crypto updates!