Ripple price reversed sharply and surged above the $0.3140 resistance level. XRP/USD is currently correcting lower, it is likely to resume upsides above the $0.3225 resistance.
- Ripple price rallied recently above the $0.3140 and $0.3200 resistance levels.
- This week’s crucial bearish trend line was breached with support at $0.3110 on the 30-minute chart.
- XRP price is currently trading inside a bullish flag pattern with resistance at $0.3220.
Ripple Price Analysis
In the past few days, we saw a steady drop below $0.3200 in ripple price. XRP even broke the $0.3100 support before buyers took a stand near $0.3045. Recently, there were strong bullish moves in bitcoin, Ethereum, binance coin, EOS, litecoin and other altcoins, which helped ripple in gaining pace above the $0.3140 resistance level.
Click to Enlarge Chart
Looking at the 30-minute chart of XRP/USD, the pair broke the $0.3140 and $0.3150 resistance levels to move into a positive zone. There was even a close above the $0.3140 resistance and the 25 simple moving average…