• Ripple price started a downside correction from the $0.4700 zone against the US dollar.
• The bulls pushed the price above the $0.45 resistance and a high was formed near $0.4750.
• Ripple is now trading above the $0.44 zone and it could soon start a fresh increase above the $0.4700 resistance.
Ripple Price Analysis
Ripple price recently saw an upward move against the US Dollar, rising above the key $0.4250 resistance level and forming a high near $0.4750. There was a break above a key contracting triangle with resistance near $0.430 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.4700 resistance in the near term if it stays supported by buyers around current levels.
Key Support & Resistance Levels
On the upside, there is initial resistance near the $0
