Ripple (XRP) Showing Early Signs of Fresh Increase, But Bulls Facing Hurdles

[Lenipiw]

Ripple Price Holding $0.2800
In the past three sessions, there were mostly bearish moves in ripple below $0.3000. XRP price even failed to stay above the $0.2850 support and it settled well below the 100 hourly simple moving average.

A new weekly low is formed near $0.2790 and the price is currently correcting higher. There was a break above the $0.2850 resistance. Moreover, there was a break above a key bearish trend line with resistance near $0.2900 on the hourly chart of the XRP/USD pair.
Visit here: https://www.newsbtc.com/2020/08/20/ripple-xrp-showing-early-signs-of-fresh-increase/