Ripple started a downside correction from the $0.3080 resistance against the US Dollar. XRP price is trading above $0.2900 and it must surpass $0.3000 for a fresh rally.
Ripple started a sharp downside correction from the $0.3083 swing high against the US dollar. The price is now trading below the $0.3000 resistance, but above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $0.2880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to restart its rally if it clears the $0.2960 and $0.3000 resistance levels. Ripple Price is Facing Key Hurdle
This week, we saw a sharp rise in ripple above the $0.2880 resistance zone. XRP price even broke the $0.2920 resistance level and settled above the 100 hourly simple moving average.
Finally, there was a break above the $0.3000 level and the price traded to a new monthly high at