The price of Ripple climbed as much as 0.4328 today where it has found strong resistance. Now, it is trading at 0.4136 at the time of writing. Bitcoin's minor retreat forced XRP/USD to come back down.
Technically, after its amazing rally, a temporary drop was natural and expected. The altcoin could come back to test and retest the immediate support levels before jumping higher. In the last 24 hours, Ripple is up by 3.56% and by 3.39% in the last 7 days.
XRP/USD In Buyers' Territory!
Ripple failed to stay below the median line (ML) of the major descending pitchfork signaling exhausted sellers. Now, it has jumped far above the minor downtrend line showing strong upside pressure.
After its strong rally, a minor retreat is natural. It could retest 0.3950 and the broken downtrend line before trying to jump higher.
Ripple Forecast!
A new higher high, jumping and closing above the 0.4328 today's high could confirm further growth. Strong consolidation above 0.3950 or a valid breakout above 0.4328 may bring new long opportunities.
