Ripple price analysis: Short term breakout, long term long way to go

XRP breaks out on the short term chart.
Not enough momentum to go long on the longer horizon.

Ripple, the cryptocurrency that surprised everyone with almost tripling its price in the last one month, has given another small breakout on the short term chart, but its not enough to take the crypto even more higher on the long term horizons, not just yet.

XRP/USD is down about 3 cents of a percent at $0.518 and in less than 2 percent range in the weekend trading of low volume, low volatility. On the 30-minute chart of XRP, it has broken out of a descending trendline last night but the momentum has faded away.

This lack of momentum is a put-off for the bulls to go long in the longer term charts and take it past the immediate long term strong resistance of $0.55-$0.60 on the daily chart.

XRP/USD 30-minute chart:

XRP/USD daily chart:

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