Ripple (XRP) Price Holding Crucial Support & Likely To Bounce Back

Ripple Price XRP USD Analysis7

Ripple price climbed sharply and tested the $0.3750 resistance before correcting lower against the US dollar.The price corrected below the $0.3600 and $0.3480 support before buyers appeared near $0.3280.Yesterday’s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair must stay above the $0.3300 support and the 100 hourly SMA to bounce back.Ripple price corrected lower sharply after a strong rise against the US Dollar and bitcoin. XRP tested a crucial support area and it remains well bid on the downside above $0.3300.Ripple Price AnalysisThere was a strong upward move above the $0.3480 resistance in ripple price against the US Dollar. The XRP/USD pair surged above the $0.3500 and $0.3600 resistance levels. The price traded close to the $0.3750 resistance and settled well above the 100 hourly simple moving average. Later, there was a downside correction,…

Read the original article here