XRP Price Gains Ground, Traders Question Strength of Rally

XRP price started a recovery wave above $1.3200 and $1.3220. The price is now consolidating and might aim for a fresh move above $1.3480. XRP price started a recovery wave above the $1.3220 zone. The price is now trading above $1.3300 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.3085 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.350. XRP Price Gains Some Ground XRP price remained supported above $1.280 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3120 and $1.320 to enter a short-term positive zone. There was also a move above the 50% Fib retracement level of the downward move from the $1.3678 swing high to the $1.2801 swing low. Besides, there was a break above a bearish trend line with resistance at $1.3085 on the hourly chart of the XRP/USD pair. The bulls even pushed the price above $1.320 but t