Black line -resistance (broken)
Red line- horizontal resistance (broken)
Green rectangle- major support zone
XRPUSD is trading around $0.50 having broken the recent higher. Price is in a short-term bullish trend making higher highs and higher lows. Price recently broke above the horizontal resistance of $0.43, came back to test it as support and is now bouncing higher. Price action is bullish. The $0.43 level is now key support and bulls do not want to see price break below recent lows. Price has potential to continue higher towards $057 at least if not higher. Thus far we have not seen any bearish RSI divergence in the daily chart. Bulls are in control of the trend.
