Ripple Price Analysis: XRP/USD Remains in Uptrend

Key HighlightsRipple price stayed above the $0.5250 support and bounced back against the US dollar.
There is a crucial ascending channel forming with support at $0.5380 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is currently in an uptrend and it is likely to accelerate gains above $0.5500 in the near term.Ripple price is moving nicely against the US Dollar and Bitcoin. XRP/USD may perhaps continue to move higher above the $0.5500 resistance.
Ripple Price Trend
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