Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely

Ripple Price 11

Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar.The price tested the $0.4800 area and it looks set to extend gains above $0.5000.Yesterday’s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP/USD pair (data source from Kraken).There were sharp gains in Ethereum above $250 and $260, opening the doors for $300.Ripple price started a significant upward move against the US Dollar and bitcoin. XRP broke $0.4750 and it looks set to surpass $0.5000 or even $0.5200 in the near term.Ripple Price AnalysisIn the past few sessions, ripple price gained a strong bullish momentum above the $0.4200 resistance against the US Dollar. The XRP/USD pair surged above the $0.4400 and $0.4500 resistance levels to register more than 15% gains. The upward move was such that the price even broke the $0.4750 resistance and the price is now…

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