Charted: Ripple (XRP) Eyes Fresh Rally To $0.35, Dips Remain Supported

Charted: Ripple (XRP) Eyes Fresh Rally To $0.35, Dips Remain Supported


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.

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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

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