Ripple (XRP) Price Starts Significant Uptrend: Can It Test $0.50?

Ripple Price 10

Ripple price is up more than 15% again today and it recently broke $0.420 against the US dollar.The price surged above the $0.4300 level and traded to a new 2019 high near the $0.4480 level.There is a major ascending channel forming with support near $0.4080 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair remains in a significant uptrend and it could continue higher towards $0.4600 or $0.5000.Ripple price remained in a strong uptrend and climbed against the US Dollar and bitcoin. XRP settled above the $0.4200 level and it is likely to accelerate above $0.4500.Ripple Price AnalysisYesterday, we saw the start of a strong rally in ripple price above the $0.3500 resistance against the US Dollar. The XRP/USD pair broke many resistance near the $0.3800 level and settled well above the 100 hourly simple moving average. The pair is up more than 40% in the…

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