Ripple’s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565.
Ripple’s token price started a decent increase above the $0.500 resistance against the US dollar.
The price is now trading above $0.505 and the 100 simple moving average (4 hours).
There is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
The pair might continue to rise toward the $0.545 and $0.550 resistance levels.
Ripple Price Forms Bullish Trend
In the past few days, Ripple’s XRP gained bullish momentum above the $0.45 resistance against the US Dollar. It outperformed Bitcoin and Ethereum to start a steady bullish trend above $0.465.
There was a clear move above the $0.480 and $0.488 resistance levels. Finally, the bulls were able to push the price above $0.500. A high is formed near $0.5286 and the price recently saw a minor downside correction. There was a
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