ICPUSD Internet Computer

Ripple is moving higher above the $0.3850 resistance zone against the US Dollar. XRP price now eyes a clear move above the $0.400 resistance zone. Ripple is currently moving higher from the $0.3700 zone against the US dollar. The price is now trading above $0.385 and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3740 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally if there is a close above the $0.400 and $0.405 resistance levels. Ripple Price Climbs Higher This past week, ripple’s XRP retested the key $0.3600 support zone against the US Dollar. The price remained well bid above the $0.3600 zone and recently started a fresh increase. There was a clear move above the $0.3750 resistance zone. The price climbed nicely above the 50% Fib retracement level of the downward move from the $0.4086 swing high to $0.3596 low. Besides, there was a break above a key bearish trend line with resistance near $0.3740 on the 4-hours chart of the XRP/USD pair. The price is now trading above $0.385 and the 100 simple moving average (4-hours), unlike bitcoin and ethereum. On the upside, an initial resistance is near the $0.3950 zone. Source: XRPUSD on TradingView.com The 76.4% Fib retracement level of the downward move from the $0.4086 swing high to $0.3596 low is also near the $0.3950 zone. The next key resistance is near the $0.400 level. A successful break above the $0.400 resistance might send the price towards the $0.408 resistance. Any more gains might send the price towards the $0.420 level. Dips Limited in XRP? If ripple fails to clear the $0.395 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.385 level. The next major support is near $0.380 and the 100 simple moving average (4-hours). If there is a downside break and close below the $0.380 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.374 support and retest the $0.360 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.385, $0.380 and $0.374. Major Resistance Levels – $0.395, $0.400 and $0.408.