Ripple Price Analysis: XRP/USD Consolidating Above $0.5000

Key HighlightsRipple price recovered a few points, but it faced sellers near $0.5250 against the US dollar.
There is a short term bullish trend line formed with support at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair may continue to consolidate above the $0.5000 support in the next couple of sessions.Ripple price is currently trading in a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.
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