Ripple price is climbing in a no-stop momentum clearing resistance in a row. XRP could possibly target the $0.2000 mark against the USD.
In a 5-day time period, Ripple price has been recovering from $0.1670 while increasing in a stable upwards ground to $0.1937 where it is trading right now. Only in the last 24-hours XRP/USD has gained 6.62% and against the BTC market it is at 5.48% green gain area.
On a weekly understanding, an important resistance line was broken at around $0.1850 which on move changed how the market would develop and opened doors for more gains.
The same barrier line now is acting as a secondary support under the second resistance that was broken at $0.1900 specifically just today in a couple of minutes catapulting the value upwards and could be forming a new trading ground.
Of great importance will be to take note in the case the price continues surging and clears the $0.1960 mark which will acting as a major resistance now because of the last crash in Sep 15-17, which could result in Ripple price against the US Dollar testing the $0.2000 and it might not be passed in a single session.
Despite the news around cryptocurrency, especially the leader of the pack – Bitcoin, the market is in a restructuring phase as traders are moving their ‘bets’ towards more efficient regulated markets like Japan or South Korea. A very optimistic recovery on the past-regulation crackdown.