Ripple Price Analysis: XRP/USD Could Recover Above $0.4500 ByAayush JindalPRO INVESTOR Updated: 11 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Key Highlights Ripple price corrected higher recently and tested the $0.4500 resistance area against the US dollar. There was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct lower before it could make another attempt to surpass $0.4500-0.4520. Ripple price recovered nicely against the US Dollar and Bitcoin. XRP/USD is likely to clear the $0.4500 resistance to test the next hurdle near the $0.4600 level. Ripple Price Analysis Yesterday, there was another downside reaction from the $0.4460 level in ripple price against the US Dollar. The XRP/USD pair dipped and traded towards the $0.4340 support area where buyers emerged. There was a strong buying interest near $0.4340, which resulted in a sharp upward move. The price bounce back and broke the $0.4400 and $0.4460 resistance levels. Moreover, there was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair. The pair even moved above the $0.4500 resistance and the 100 hourly simple moving average. However, the price failed to stay above the $0.4500 level and formed a high at $0.4577. Later, there was a downside correction and the price moved below $0.4500. It also cleared the 23.6% Fib retracement level of the last wave from the $0.4233 low to $0.4577 high. It seems like the price may correct further in the short term towards the $0.4450 or $0.4400 supports. Looking at the chart, ripple price is showing positive signs above $0.4400. However, buyers need to clear the $0.4500 and $0.4520 resistance levels to push the price towards the $0.4600 resistance. On the downside, a break below the $0.4400 level could take the price back towards the $0.4340 support. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD could move back in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level. Major Support Level – $0.4400 Major Resistance Level – $0.4500 The post Ripple Price Analysis: XRP/USD Could Recover Above $0.4500 appeared first on NewsBTC. Join Our Telegram channel to stay up to date on breaking news coverage