Ripple Price Analysis: XRP/USD needs a sustained breakout above $0.30

  • XRP bulls have cracked $0.30 many times but they have been unable to keep the price there.
  • Now $0.30 is the most important resistance and support level for XRP.

XRP has been fighting for the $0.30 level for the last month almost. It is now trading at around $0.29 after several failed attempts to stay above this decisive resistance level. 

XRP has been one of the weakest cryptocurrencies throghout 2020 and continues struggling even after a general market breakout. Its trading volume has also been decreasing quite significantly even though Ripple, the company that uses XRP has been able to achieve several important partnerships.

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