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Ripple (XRPUSD) back above $0.30 today

20 Nov, 2020

Yesterday Ripple rebounded well again. The price lifted from a low point underneath 0.2850, to back above 0.3050 by the time of the 4pm London FX fix. That move was then followed by another downside retracement earlier this morning. The price dropped back to as low as 0.2972 a couple of hours ago. However, it has rebounded again just now and it clearly garnering a good deal of support from Crypto gains elsewhere. Naturally it is being led high by Bitcoin this morning but others in the same space are helping the upside too. The price is now back above 0.3025 and could be in the process of launching an attempt at the 0.3083 high seen earlier in the week. If it can do that then there is potential for more upside. Perhaps that might even reopen the prospect of the price taking on the previous, post March 2020 high. As noted here earlier in the week, that is at 0.3273 and was reached on August 18. XRPUSD is just now trading at 0.3015

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