Ripple price gained upside momentum as it managed to hold the $0.5000 support against the US dollar.
There is an ascending channel forming with support at $0.5400 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to move higher above the $0.5800 and $0.5900 resistance levels in the near term.
Ripple price is slowly moving higher against the US Dollar and Bitcoin. XRP/USD is now above $0.5400, and it could continue to move higher.
Ripple Price Support
After declining close to the $0.5000 level, Ripple price found
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