Ripple price is on an upswing since more than 24 hours and has managed to recover a lot from the Wednesday price decline run where it hit a bottom of $0.8400 from a high of near $4 in a matter of just a few hours.
The XRP/USD trading pair is currently at $1.59 after breaking a strong resistance at $1.45 on the hourly chart of the XRP/USD pair.
The Ripple price saw a major decline below $1.00 until it hit the $0.8399 market and from there on it started its bullish run surpassing resistances at $1.20, $1.40 and ultimately $1.45. The current price action is positive since the price has moved even above the $1.50 levels .
The Ripple price surge has managed to stay above the day-over-day levels and haven’t registered a negative since the price recovery began. However, the pair is currently facing a major hurdle near the $1.50-1.60 levels. A break above stated $1.60 level is needed for buyers to gain control. On the downside, an initial support is at $1.30. However, the most important support is now at $1.20, which is a buy zone.