Ripple has recently seen its price get higher and higher as it broke into the $0.4500 resistance against the US dollar. After the break, there a was upward surge as the price traded above the $0.4600 and the $0.4700 levels.
Due to the move being a powerful one, the price then went onto break in to $0.4800 territory.
The price peaked at just over $0.4830 before price started building up more gains. However, a drawback is that the initial support is near the $0.4800 range. There is also a connection in the bullish trend line which forms with the support at $0.4750 on the hourly chart of the pair of XRP/USD.
Looking below the trend line, the 23.6% level of Fib retracement from the last lag from the low of $0.4432 to the high of $0.4833. Below this, the price could make the decline stretch out towards the $0.4650 price range.
As you can see from this chart, the price is positioned neatly in an uptrend above the $0.4700 price. As we move forward, it could even break the record of $0.4833 and maybe even hit the residence of $0.5000.
Read more at: Crypto Daily
