XRP Price Bullish Momentum Expands — Market Eyes Next Surge

XRP price started a strong increase above $1.520. The price is now consolidating gains and might aim for more gains if it stays above the $1.50 zone. XRP price started a fresh increase above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.5550. XRP Price Corrects Gains XRP price started a major upward move above $1.40 and $1.50, beating Bitcoin and Ethereum. The price gained pace for a clear move above the $1.5250 resistance. The bulls even pumped the price above the $1.550 zone. A high was formed at $1.6068 and the price started a downside correction. There was a move below $1.550 and $1.5250. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. However, the bulls were active ne