This Technical Breakout Suggests Ripple (XRP) Could Rally To New 2020 High

Ripple found support near the $0.2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0.2500 resistance to open the doors for more upsides.Ripple price is showing positive signs above $0.2500 and $0.2520 against the US dollar.
The price bounced back nicely after testing an important support area near $0.2450-$0.2460.
There was a break above a major bullish flag pattern with resistance near $0.2525 on the hourly chart of the XRP/USD pair (data source from Kraken).
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