Ripple bulls have taken decisive steps as price breaks the price range between $0.54 and $0.58. Buyers have pushed the price to a high of $0.62. XRP has also commenced the resumption of upside momentum.
On April 1, Ripple bulls retested the $0.60 resistance and pulled back to the range-bound zone. XRP price has been confined in a tight range since March 26.
Ripple is falling after it retested the $0.58 resistance level. Incidentally, Ripple price rebounded above the $0.56 support and rallied above $0.58 high. The altcoin price pulled back and closed above $0.5785 at the time of writing.
Ripple bulls are still struggling to revisit the peak price of $0.75 it attained in February. On March 25, the XRP price broke above the $0.50 resistance as it approached the next resistance at $0.60.
Surprisingly, XRP price slumped again to $0.46 support as bulls bought the dips. Buyers are attempting to push above the moving averages to return to the previous high. The market will rise if price goes above the moving averages.
On March 20, XRP/USD rebounded above the $0.46 support as XRP resumed upside momentum. The recent breakout attracted more buyers as price rallied to $0.60 high.
For the past few days, Ripple has been trading in a tight range. The price movement is insignificant. Previously, XRP has been consolidating between $0.43 and $0.50 price levels.
Since March 16, the bulls have been retesting the $0.48 resistance level consistently. Unfortunately, XRP will be repelled after each retest. On March 16, XRP encountered a price spike as the altcoin rallied to $0.52 high.