Charted: Ripple (XRP) Smashes $0.30, Why Pullbacks Could Be Limited

Charted: Ripple (XRP) Smashes $0.30, Why Pullbacks Could Be Limited


Ripple surged over 12% and it even broke the $0.3000 resistance against the US Dollar. XRP price is currently trading near $0.3010 and dips might be limited in the near term.

Ripple started a strong rally after it settled above the $0.2650 resistance against the US dollar. The price even cleared the $0.3000 resistance and settled well above the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2700 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a downside correction if it fails to clear the $0.3040 resistance zone. Ripple’s XRP Price Rallies 12%

In the past 2-3 sessions, there was a sharp increase in ripple’s XRP price above the $0.2650 resistance zone. The price gained pace above $0.2800 and settled well above the 100 simple moving average (4-hours).

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The upward move gained pace above the $0.2850 and $0.2920 levels. Finally, the price spiked

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