Ripple started a strong recovery wave above the $0.3000 and $0.3100 levels against the US Dollar. XRP price is currently correcting gains from $0.3700, but dips remain limited.
Ripple rallied above the $0.3200 and $0.3500 resistance levels against the US dollar. The price tested the $0.3700 zone before correcting lower, but it settled above the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is holding a key support near the $0.3000 and $0.2800 levels. Ripple’s XRP Price is Holding Gains
In the past two days, ripple’s XRP price saw a sharp increase above the $0.2500 resistance level. The bulls gained strength, resulting in a sharp upward move above the $0.3000 barrier.
The price even surged above the $0.3200 level and settled above the 100 simple moving average (4-hours). The price nuked the $0.3500 level