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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.
Ripple Price Analysis: XRP/USD needs a sustained breakout above $0.30
Lorenzo StroeLorenzo StroeIndependent Analyst

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.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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