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Ripple Price Watch – XRP/USD Holds Steady, Upside At $0.8000

February 11, 2018 By Editor

Ripple Price Trend

Ripple’s price moved steadily for the last two days. As with yesterday, XRP/USD hit the $0.8000 mark once again today, only to drop back down to around $0.7500. Despite some big pullbacks earlier today, two bullish trends were formed during the past few hours. Now, the coin is holding a support at $0.7400.

Investors will need to monitor whether a resistance of about $0.7650 could subsequently hold, especially as Ripple is currently trading below its 20-day moving average. This resistance is pivotal for it to go back to $0.8000.

As for the MACD indicator, a bullish signal was sent in the past 30 minutes, hence further upward movement is expected.

Looking at the Technical Indicators:

MACD — the MACD indicator is giving a bullish signal

Major Support Level — $0.7400

Major Resistance Level — $0.7650

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