Ripple Price Analysis: XRP/USD Bullish Above $0.4250

Key HighlightsRipple price surged higher and broke the key $0.4200 and $0.4300 resistance levels against the US dollar.
There is a short-term channel formed with support at $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to break the $0.4500 resistance to climb once again towards the $0.4700 level.Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD may continue to accelerate gains above $0.4400 and $0.4500 in the near