- Ripple price jumped higher and broke the $0.4750 and $0.5000 resistance levels against the US dollar.
- Yesterday’s highlighted short-term declining channel was breached with resistance at $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair is gaining momentum above the $0.5000 resistance and eyes a test of $0.5250.
Ripple price is gaining upside momentum against the US Dollar and Bitcoin. XRP/USD is placed in a bullish trend above the $0.4750 pivot level.
Looking at the chart, the price is gaining upside momentum above $0.5000. Once it clears the $0.5200 barrier, it could accelerate gains towards $0.5500. On the downside, supports are seen at $0.5000, $0.4800 and the $0.4750 pivot level.