- Ripple price started a fresh rise above the $0.3100 and $0.3200 resistance levels against the US dollar.
- The price tested the $0.3400 area and recently corrected lower below $0.3300 and $0.3250.
- There is a major bullish trend line forming with support near the $0.3100 level on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could soon break the $0.3220 resistance level and climb higher towards $0.3400 once again.
Ripple price started a strong rise above $0.3200 against the US Dollar, plus corrected higher versus bitcoin. XRP remains well bid above $0.3100 and it is likely to resume its upward move.
Ripple Price Analysis
This past week, there was a strong upward move in ripple price above the key $0.3100 resistance against the US Dollar. The XRP/USD pair followed bitcoin and surged above the $0.3200 and $0.3220 resistance levels. The price even broke the $0.3350 level and settled well above the 100 hourly simple moving average. The bulls pushed the price…
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