Ripple (XRP) Smashes $0.30, Why Pullbacks Could Be Limited

[sneakyboi]

Charted: Ripple (XRP) Smashes $0.30, Why Pullbacks Could Be Limited

Ripple surged over 12% and it even broke the $0.3000 resistance against the US Dollar. XRP price is currently trading near $0.3010 and dips might be limited in the near term.

In the past 2-3 sessions, there was a sharp increase in ripple’s XRP price above the $0.2650 resistance zone. The price gained pace above $0.2800 and settled well above the 100 simple moving average (4-hours).

The upward move gained pace above the $0.2850 and $0.2920 levels. Finally, the price spiked above the $0.3000 resistance and traded to a new multi-week high at $0.3030. The price is now consolidating gains above the $0.2950 and $0.2960 levels.

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