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.
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.
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.
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.