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XRP/USD tracks the Bitcoin break out, rallies + 5% above $0.3450

Ripple (XRP/USD), the third most widely traded cryptocurrency so far this Tuesday, tracked the broad-based rally across the cryptocurrencies and reached the highest levels since February 26th at 0.34556 last hour before quickly retreating to 0.32830 levels, where it now wavers.

The sudden break higher in Ripple vs. the US dollar can be mainly attributed to the technical break out in BTC/USD from the narrow range seen since last December, with the rates having surpassed the key 5000 level for the first time this year.

XRP/USD Technical Levels

 

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