XRP price started a decent increase above $1.420. The price is now consolidating gains and might aim for more gains above the $1.50 zone.
XRP price started a decent upward move above the $1.40 zone.
The price is now trading above $1.40 and the 100-hourly Simple Moving Average.
There is a declining channel forming with support at $1.350 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to move up if it settles above $1.50.
XRP Price Faces Hurdles
XRP price started a recovery wave above $1.380 and $1.40, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.450 resistance.
The bulls even pumped the price above the $1.50 zone. A high was formed at $1.5435 and the price started a consolidation phase. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.135 swing low to the $1.543 high.
The price is now trading above $1.40 and the 100-hourly Simple Moving Average. Besides, there
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