XRP Breaks Crucial Resistance
Technical analysis of the weekly chart indicates that XRP has been following an ascending support line since last June. The token bounced off this trendline in March and reached a yearly high of $0.94 in July (red arrow).
During this climb, XRP broke the horizontal resistance zone of $0.55. Despite a decline in August, the asset managed to break this resistance last week and record its first close above this level since August. Thus, the token reached a peak of $0.73 this week.
