- XRP crosses past key long term trendline resistance.
- Some levels need to be crossed for bulls to cheer.
Ripple’s XRP, the crypto whose parent aims to revolutionise cross broder payments solutions, has crossed past a key trendline resistance on the long term chart, which needs a confirmation by way of crossing past certain levels for the bulls to be able to gain upper hand.
XRP/USD is up 1.7 percent on day at $0.3150 after hitting a high of $0.320, while day’s range has been more than 3 percent so far. On the 12-hour chart of this coin, bulls managed to gather enough strength to cross past a major descending trendline resistance – a first and important sign of a breakout.
However, sustaining past the high of the day – $0.3203 and $0.327 is critical for the bulls to gain upper hand in this Northward journey which has just begun and may have some more legs, provided these mentioned levels are crossed and sustained.
XRP/USD 12-hour chart:
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