XRP price broke below $0.5120 support area. The price even dropped below $0.5050 before the bulls showed up, but the losses were limited compared to Bitcoin and Ethereum.
A bottom was formed at $0.5025 and the price started a fresh increase. There was a rally above the $0.5050 and $0.5120 resistance levels. The 50% Fib reversal level of the downward move from the $0.5307 high to $0.5025 low was clear.
Moreover, there is a break above a major bearish trend line with resistance at $0.5185 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5200 and the 100-hour simple moving average. #XRP
