Ripple price analysis: Trendline support holds key after breakout
|- Among the few gainers as other majors struggle.
- Trendline channel support holds key to further gains.
Ripple price was among the few gainers on Saturday as the trendline breakout on intra day charts gives thrust to bulls to hold control even as many other major cryptocurrencies struggle to find the green shade.
XRP/USD was up more than 2 percent at $0.6543, just around the falling upper trendline channel support, which it broke out of on the intra day hourly chart.
Support is at $0.6540, falling upper trendline channel and $0.6355 while first immediate reistance stands at $0.6576 and then at $0.7054 - 200 days simple moving average.
Hourly chart
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