Ripple Price Analysis: XRP Rally Takes Break But Not Likely Over

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Ripple price rallied sharply after it formed a support base above $0.4200 against the US dollar. The price surged above the $0.5050 level before it started a downside correction. There are two bullish trend line forming with support near $0.4420 and $0.4300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The price is currently holding key supports and it could bounce back above $0.4800 in the near term. Ripple price dived from well above $0.5000 against the US Dollar. However, XRP is holding the key $0.4540 support and it could start a fresh increase above $0.4800. Ripple Price Analysis This past week, there was a nasty upward move in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair formed a strong support near the $0.4200 level before rallying above $0.4500. The price gained momentum above $0.4700 and the 55 simple moving…

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