$XRP š #XRP bullish (and itās time to short itā¼ļø)𤩠outperformed $BTC $ETH and numerous other leading cryptocurrencies on a daily scale. Rippleās XRP is currently the best-performing cryptocurrency in the top 100 list, witnessing a significant hourly price increase.
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ā±XRP price is gaining pace above the $0.6320 zone.
ā±The price is now trading above $0.65 and the 100-hourly Simple Moving Average.
ā±There is a key bullish trend line forming with support at $0.640 on the hourly chart of the XRP/USD pair.
ā±The pair could rise further if it clears the $0.6580 resistance zone.
ā±The first major resistance is near the $0.6650 level. The next key resistance could be $0.6720. A clear move above the $0.6720 resistance might send the price toward the $0.6850 resistance.
ā±If XRP fails to clear the $0.6580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.6450 level. The next major support is at $0.640 or the trend line.
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Its impressive rally comes despite the sectorās reigning correction. The reason of that jump remains unknown at the moment of that publication.