Ripple Price Watch | Upside Momentum Continues For XRP

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February 14, 2018 – Ripple Price Watch. Ripple continued its momentum this week, hitting a seven-day high of $1.1550.

Key Highlights:

  • Ripple price continued its momentum this week, now trading at $1.1137
  • XRP hit a weekly high of $1.1550 earlier today
  • A bullish trend is forming, testing a major resistance of $1.1600

Upside Momentum Continues For XRP

Ripple continued its momentum this week, hitting a weekly high of $1.1550 earlier today. The coin is now trading at $1.1137 as of 5 PM EST. At the moment, a major bullish trend is forming that could take XRP toward the $1.1600 resistance level.

After breaking above $1.0500 yesterday, XRP hovered in the range between $1.0100 and $1.0600 throughout most of the day, until it went on its current bull run and managed to take off from $1.0800. Its price has now settled between $1.1000 and $1.1500.

Source: Tradingview

The MACD indicator is also confirming the current bull run. At the moment, a crossover between the MACD and signal lines is being formed.

Looking at the Technical Indicators:

  • MACD — XRP is now in a bullish zone
  • Major Resistance Level — $1.1600
  • Major Support Level — $1.1000

Featured Image: Twitter

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In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.

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