Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.55

Key Highlights

Ripple price declined further and tested the $0.4350 support area against the US dollar. This week’s followed crucial bearish trend line is intact with resistance at $0.5480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair seems to be facing a tough resistance near the $0.5480 and $0.5500 resistance levels.

Ripple price bounced back after testing key supports against the US Dollar and Bitcoin. XRP/USD needs to gain momentum above $0.5500 to...

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