Ripple Bulls are silent while many Altcoins rally Importantly

The price of the Ripple is gradually increasing and is below the $ 0.3150 resistance zone against the US dollar.
The price faces several upward obstacles near the $ 0.3120 and $ 0.3150 levels.
The hourly chart of the XRP / USD pair (Kraken data source) has a significant uptrend line with support close to $ 0.2950.
Several altcoins such as TRX, ONT, NEO and VET have risen more than 20% in the last three sessions.
The price of the Ripple is increasing with a slower rate against the US dollar, while Bitcoin and Ethereum are increasing more. The XRP price must break $ 0.3150 to remain high.

Ripple Value Analysis

In recent days, we saw a strong rebound in some important heights against Bitcoin, Ethereum and the US dollar. Ripple prices rose further and broke the resistance levels of $ 0.2850 and $ 0.3000.

In addition, the price rose above $ 0.3040 and was set above the simple 100-hour moving average. A high swing was made about $ 0.3149 before the correction for the price drop.

There was a break below the support area of ​​$ 0.3000. In addition, the price traded below the 23.6% Fibonacci retracement level of an upward movement of $ 0.2470 to $ 0.3179 maximum. Finally, there was a break below the support zone of $ 0.2950.

However, the $ 0.2850 support area served as a strong support with the 100-hour SMA. In addition, the price remained stable above the 50% retracement level from the minimum of $ 0.2470 to the maximum of $ 0.3179.

Initially, the price of the Ripple has steadily increased and is quoted above the $ 0.3000 level. More importantly, in the XRP / USD hourly chart, there is a significant uptrend line with support close to $ 0.2950.

If there is a disadvantage below the trend line, the price can reissue the $ 0.2850 support zone and the 100-hour SMA. Any additional loss could probably increase the pressure of the recession and push the price towards the support area of ​​$ 0.2750.

On the positive side, there are several obstacles near the $ 0.3040 and $ 0.3050 levels. If the price goes up faster, you can reissue the resistance of $ 0.3150. A clear break above $ 0.3150 could push the price towards $ 0.3220.
Looking at the chart, the price of the Ripple has steadily increased, but has slowed to more than $ 0.3000. Therefore, there may be another slight decrease towards $ 0.2900 or $ 0.2850 before the strong growth begins in the next sessions.

Technical indicators

The MACD per hour: for XRP / USD, the MACD is likely to return to the bearish zone.

RSI (Relative Strength Index) per hour: the RSI for XRP / USD is less accurate and can test 50 levels.

Main support levels: $ 0.2950, ​​$ 0.2900 and $ 0.2850.

Main resistance levels: $ 0.3050, $ 0.3120 and $ 0.3150.