Ripple Price Analysis: XRP Facing Crucial Resistance, Can Bulls Make It?

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Ripple price is currently correcting losses after trading as low as $0.2902 against the US dollar. The price is facing a strong resistance near the $0.3050 and $0.3060 levels. Recently, there was a break above a key bearish trend line with resistance at $0.2995 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The price must surpass the $0.3050 resistance level to continue higher in the near term. Ripple price is slowly recovering above $0.3000 against the US Dollar. However, XRP price might struggle to gain momentum above the $0.3050 and $0.3100 resistances. Ripple Price Analysis This past week, there was a fresh decline in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair broke many important supports near the $0.3150 level. Moreover, there was a break below a major ascending channel with support near $0.3130 on the 4-hours chart. Finally, the…

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