Ripple (XRP) Smashes Key Resistance: Dips Could Be Attractive To The Bulls

[Dociko]

Ripple rallied further 4% and it cleared the main $0.2550 resistance against the US Dollar. XRP price is now showing bullish signs, and dips could find strong bids near $0.2500 or $0.2450.

Ripple extended its rally above the $0.2520 and $0.2550 resistance levels against the US dollar.
The price traded to a new weekly high at $0.2589 and settled above the 100 simple moving average (4-hours).
There was a break above a significant bearish trend line with resistance near $0.2425 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
The pair could correct lower, but the previous resistance near $0.2550 or $0.2450 could provide support.
Details: https://www.newsbtc.com/news/ripple/ripple-xrp-smashes-key-resistance/