Technicals Suggest Ripple (XRP) is Setting Up For Another Rally To $0.32

[Lenipiw]

Ripple surged more than 30% this past week to climb above $0.3000 against the US Dollar. XRP price nosedived below $0.3250, but technicals suggest a fresh increase above $0.3150.
Ripple Price Could Surge Above $0.30
This past week, there was a strong increase in ripple above $0.3000, following bitcoin and ethereum’s rally. The price even surged above the $0.3120 resistance and settled well above the 100 simple moving average (4-hours).

It traded to a new multi-week high at $0.3255 before it crashed more than 20%. There was a sharp decline below the $0.3000 support zone. The price even spiked below the $0.2800 support level, but dips remained well supported near the $0.2500 level.
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