- Ripple price corrected lower and tested the key $0.3100 support area against the US dollar.
- The price recovered above the $0.3240 level and it is currently consolidating gains.
- There is a major breakout pattern in place with resistance at $0.3450 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
- The price is likely to climb higher steadily and it could even break the $0.3500 resistance area.
Ripple price is trading nicely above the $0.3240 support area against the US Dollar. XRP is showing positive signs and it might climb higher above $0.3450 and $0.3500 in the near term.
Ripple Price Analysis
This past week, we saw an extended correction in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. Earlier, the XRP/USD pair formed a top near the $0.3800 resistance and declined sharply. There was a break below the $0.3550 and $0.3500 support levels. It pushed the price back in a bearish zone, with a break below the $0.3400 support area. The price…
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