Charted: Ripple (XRP) Skyrockets, Why Break Above $1 Seems Likely

Charted: Ripple (XRP) Skyrockets, Why Break Above $1 Seems Likely


Ripple extended its rally above the $0.8000 resistance zone against the US Dollar. XRP price even tested $0.9500 and it is now consolidating gains.

Ripple started a strong surge above the $0.8000 and $0.9000 levels against the US dollar. The price is now trading nicely above $0.8000 and the 100 simple moving average (4-hours). There was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is now consolidating gains and it might continue to rise towards $1.00 in the near term. Ripple’s XRP Price Extends Rally

In the past three sessions, ripple’s XRP gained strength above $0.6000, unlike bitcoin and ethereum. XRP broke many hurdles near $0.6500 to move further into a positive zone.

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During the increase, there was a break above a couple of bullish continuation patterns at $0.6000 and $0.7180 on the 4-hours chart of the XRP/USD

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