- Ripple price traded as low as $0.3134 and recently corrected higher against the US dollar.
- The price broke the $0.3200 resistance area, but it is still below the key $0.3280 resistance.
- Yesterday’s highlighted key bearish trend line is intact with resistance near $0.3280 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair must break the trend line and $0.3300 to move into a positive zone.
Ripple price managed to recover a few points against the US Dollar, similar to bitcoin. XRP is currently trading above the $0.3200 level and it could attempt to break the $0.3280 resistance area.
Ripple Price Analysis
Recently, there was a downside extension below the $0.3200 support in ripple price against the US Dollar. The XRP/USD pair even traded below the $0.3150 level and formed a new weekly low at $0.3134. Later, the price started an upside correction above the $0.3140 and $0.3150 resistance levels. Buyers gained traction above the $0.3200 resistance and the 50%…
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