Ripple Price Analysis: XRP Signaling Start of A Fresh Rally

The XRP/USD pair broke the $0.1740 support level and settled below the 55 simple moving average (4-hours). A swing low is formed near the $0.1692 level and the price is currently rising.

There was a break above the 23.6% Fib retracement level of the recent drop from the $0.1865 swing high to $0.1692 low. Looking at the chart, ripple price is clearly showing signs of upside continuation above the $0.0178 and $0.0180 resistance levels.

Timeline of Xrp