The latest market trend seems to be on the upside turn, but many are still skeptical of what would be of most coins in coming days and how long the trailblazer, Bitcoin, and its contemporaries can sustain the trend or add more tempo.
Nevertheless, XRP has degraded all skepticism from its users by forming a solid support around the $0.32 level against the US Dollar with a sudden growth from $0.29 price in less than 3 hours. With the new and unexpected upturn move, XRP might soon initiate a major bull run as it consolidates above $0.3 support level.
In the last few days, XRP witnessed a slight plummet against the US Dollar, trading around $0.28 price in the market after being valued $0.31 few days before that.
Subsequent to the slight deep, XRP maintained support around the $0.28 for about two days.
Looking at the four hour chart today, XRP previously formed support around $0.29 price against the US Dollar before igniting a massive bull run that seems unstoppable.
XRP resumed on the upside trend at the early hours of the European Trading Session today, and 30 minutes later, the altcoin had formed a new resistance around $0.31 and 48.1% Fib retracement level from the previous low price.
Besides that, XRP remained on the upside trend, forming another support, this time a solid one, around $0.32 with 55.2% Fib retracement level from the previous $0.28 low price.
A gain above the 100 SMA signals an opening for more improvement with opportunities for the next resistance to be around $0.38.
Furthermore, many have opined that XRP could be the coin to lead the bull return for the crypto market and this could make the altcoin achieve a $0.5 price milestone in coming days.
According to Coinmarketcap, XRP has added above 9% to its value in the last 24 hours.
Market Data by Tranding View