Key HighlightsRipple price is trading in a range above the $0.7700 support level against the US dollar. Yesterday’s highlighted monster contracting triangle pattern with current support near $0.7700 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair seems to be struggling to gain momentum above $0.8000 and the 100 hourly simple moving average. Ripple price continues to trade in a range against the US Dollar and Bitcoin. XRP/USD may rise, but it could struggle to break the $0.8000 and $0.8200 resistances. Ripple Price RangeThere was no upside action above $0.8000 in Ripple price against the US Dollar. The price is currently trading in a range and is preparing for the next move above $0.8000. The recent low was formed at $0.7630 form where the price started rising slowly. It is currently trading near the 38.2% Fib retracement level of the last drop from the $0.8300 high to $0.7630 swing low. However, there are many barriers on the upside around the $0.8000 and $0.8200 levels. First, the 50% Fib retracement level of the last drop from the $0.8300 high to $0.7630 swing low is near $0.8000. Moreover, the stated $0.8000 is just around the 100 hourly simple moving average. Therefore, the $0.8000 level is a major resistance. A break above the stated $0.8000 resistance could clear the way for more gains. More importantly, yesterday’s highlighted monster contracting triangle pattern with current support near $0.7700 is intact on the hourly chart of the XRP/USD pair. It seems like the pair may continue to trade in a range above $0.7700 for a few sessions. Once there is a break above $0.8000 and $0.8200, there could an extended upside move towards $0.8500. Looking at the technical indicators:Hourly MACD – The MACD for XRP/USD is placed nicely in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving higher towards the 65 level. Major Support Level – $0.7700Major Resistance Level – $0.8200 Charts courtesy – Trading View Ripple Price Technical Analysis – XRP/USD Extends Consolidation was last modified: March 14th, 2018 by Aayush Jindal