Ripple price<\/a> is moving towards the resistance level of $0.40 as the initial move to cross the upper boundary of the channel could boost the price further up. The Ripple (XRP) hits the daily high at $0.398 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Ripple price stays above the moving averages as the nearest resistance level could be found at $0.40.<\/p>\nHowever, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) remains above the 60-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.40 level may most likely push the coin towards the potential resistance levels of $0.45, $.47, and $0.49 while a drop towards the lower boundary of the channel may lead to the supports of $0.35, $0.33, and $0.31 respectively.<\/p>\n
Against Bitcoin, the Ripple price is rising above the 9-day and 21-day moving averages. As the coin touches the daily high at 2021 SAT today, the bulls are putting more buying pressure on the coin to gain additional uptrend. Meanwhile, the price could spike and cross above the upper boundary of the channel if the buyers put more pressure.<\/p>\n