Ripple Price Analysis: XRP breaks past 0.1800 and heads to some key technical areas

Ripple trades over 5% higher as most of the crypto majors catch a bid.
The top of the consolidation at 0.1879 looks like it will be tested next.

XRP/USD 4-hour chart

Ripple has been bullish on Thursday after the whole of the cryptosphere caught a bid. Looking at the price action now it seems that we are in a period of higher lows and higher highs on the chart confirming the upside bias. The price is also crossing the key 55 and 200 4 hour moving averages. Also on the daily chart, the price is heading to the 55 daily EMA which could be a resistance zone.

On the higher timeframes, the channel which is marked by the blue and the red trendlines looks like a bear flag formation. At the moment we are at the top of the channel and any break above would invalidate this theory but at the moment there is some resistance at the 0.1879 area. The psychological 0.2000 level is the next major zone to look for on the upside and it has been used many times as a support or resistance zone.

Additional levels

XRP/USD

Overview
Today last price	0.1813
Today Daily Change	0.0056
Today Daily Change %	3.19
Today daily open	0.1757

Trends
Daily SMA20	0.1609
Daily SMA50	0.2168
Daily SMA100	0.2221
Daily SMA200	0.2392

Levels
Previous Daily High	0.1768
Previous Daily Low	0.1684
Previous Weekly High	0.1876
Previous Weekly Low	0.145
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1736
Daily Fibonacci 61.8%	0.1716
Daily Pivot Point S1	0.1705
Daily Pivot Point S2	0.1652
Daily Pivot Point S3	0.1621
Daily Pivot Point R1	0.1789
Daily Pivot Point R2	0.1821
Daily Pivot Point R3	0.1873

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