-Bitcoin news, price, information & analysis Ripple price gained bullish momentum against the US Dollar and Bitcoin. XRP/USD broke the $0.4500 resistance and it could continue to move higher towards $0.5000.
Yesterday, we discussed about a crucial resistance near $0.4500 in Ripple price against the US Dollar. The XRP/USD pair surged higher recently and managed to break the mentioned $0.4500 barrier.
After the break, there was a sharp upward move and the price traded above the $0.4600 and $0.4700 levels. The upside move was strong as the price even broke the $0.4800 resistance.
A high was formed at $0.4833 before the price started consolidating gains. On the downside, an initial support is near the $0.4800 level.
There is also a key connecting bullish trend line formed with support at $0.4750 on the hourly chart of the XRP/USD pair. Below the trend line, the 23.6% Fib retracement level of the last leg from the $0.4432 low to $0.4833 high might act as a support near $0.4739. Read more from newsbtc.com…
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