Ripple (XRP) Just Broke $0.24 And Indicators Suggest A Test of $0.25

[Riya143]

Ripple traded to a new monthly high above $0.2400 against the US Dollar. XRP price is currently up over 8% and it is likely to continue higher towards $0.2500.
Ripple Price Could Test $0.25
After bitcoin started a downside correction, ripple gained bullish momentum above the $0.2250 resistance area. XRP price broke a major hurdle near $0.2320 and the 100 hourly simple moving average.

It opened the doors for more gains above the $0.2350 level. The price traded to a new monthly high at $0.2411 and it is currently consolidating gains. An initial support on the downside is near the $0.2380 level. It is close to the 23.6% Fib retracement level of the recent rally from the $0.2171 swing low to $0.2411 high.
Read More: https://www.newsbtc.com/2020/07/29/ripple-xrp-just-broke-0-24/