Ripple price declined towards the $0.3100 support and later recovered nicely. XRP/USD is placed above $0.3140 and it is likely to break the $0.3200 resistance for a strong upward move.
- Ripple price is placed nicely above the $0.3140 and $0.3150 support levels.
- Buyers are eyeing an upside break above a major declining channel at $0.3175 on the 30-minute chart.
- XRP price could climb higher sharply if there is a clear break above $0.3180 and $0.3200.
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Ripple Price Analysis
Recently, there was another dip in ripple price below the $0.3150 support level. XRP traded towards the $0.3100 support, formed a low near the $0.3112 level and later started a decent upward move.
Click to Enlarge Chart
Looking at the 30-minute chart of XRP/USD, the pair recovered nicely from $0.3112 along with bitcoin, litecoin, Ethereum, EOS and other cryptocurrencies. The price climbed above the $0.3140 and $0.3150 resistance levels.
There was even a break above the $0.3160 level and the 25 simple moving…