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Wednesday

03 March 2021

Charted: Ripple (XRP) Rallies 20%, Why Dips Could Be Attractive

Charted: Ripple (XRP) Rallies 20%, Why Dips Could Be Attractive


smart summary beta

Ripple remained stable above $0.5000 and rallied above $0.6000 against the US Dollar.

It started a strong increase above the $0.5000 resistance, outperforming bitcoin and ethereum.

The pair rallied above the $0.6000 resistance and it settled above the 100 simple moving average (4-hours).

A clear break above the $0.6450 and $0.6500 resistance levels could pump the price further towards the $0.6880 level.

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