Ripple Price Analysis: XRP/USD Following Bullish Path Above $0.3600

Key HighlightsRipple price gained traction and settled above the $0.3600 support area against the US dollar.
There is a key ascending channel in place with support at $0.3600 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could dip a few points, but it remains supported near $0.3600 and $0.3680.Ripple price climbed higher recently against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near $0.3600 and it could bounce back in the short term.