Ripple Price Analysis: XRP Rally Could Extend To $0.4000 or $0.4200

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Ripple price rallied recently above the $0.3200 and $0.3300 resistances against the US dollar.The price is up more than 15% and it recently climbed above the $0.3500 resistance area.There is a major bullish trend line in place with support at $0.3560 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is placed in a strong uptrend and it is likely to grind above the $0.3800 and $0.4000 resistance levels.Ripple price started a strong uptrend above $0.3400 against the US Dollar after bitcoin price rise. XRP is likely to accelerate higher and it might even clear the $0.4000 resistance level.Ripple Price AnalysisYesterday, there was a start of a strong uptrend in the crypto market, opening doors for a break above $0.3200 in ripple price against the US Dollar. The XRP/USD pair broke a few important resistances near $0.3200 and $0.3240 to move into an uptrend. Later, the…

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