Ripple Price Analysis: XRP Bulls Regroup to Retest $0.6, Recovery Inbound?
Key Resistance Levels: $0.61, $0.7, $0.757.
XRP fell as low as $0.515 this week during the BTC spike beneath $30K. It quickly rebounded from there to break above the 2018 high at $0.556 yesterday. Today, the price hike allowed XRP to break the upper angle of a descending price channel.
The cryptocurrency has been trading inside this price channel since the start of June. It made numerous attempts to break its upper angle over the past fortnight but was rejected on each occasion