Ripple Price Analysis: XRP/USD Poised to Extend Gains

Key HighlightsRipple price formed a major low near the $0.5100 level and bounced back against the US dollar.
Yesterday’s important bearish trend line was broken with resistance near $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair tested the $0.5500 resistance zone and is currently correcting lower.Ripple price is back with positive moves against the US Dollar and Bitcoin. XRP/USD is now well supported above the $0.5300 level and the 100 hourly SMA.
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