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Ripple (XRPUSD) back above $1 today

26 May, 2021

Yesterday, Ripple tracked its larger counterpart, Bitcoin lower as it fell back from above $1.05 to below 0.90. That downside later extended to as low as 0.8821. However, today it has rebounded again and has lifted back above $1 again. The move higher is not unique to XRP as of course Bitcoin and other leading coins have risen so far today too. The high set yesterday at 1.0592 has not yet been surpassed, but right now there is clearly potential for it to do that. The current chart set up would tend to indicate there is more corrective upside potential available right now and a clear break above 1.0592 would tend to underline that potential too. However, there is also a notable resistance level in place at 1.0752 and beyond that more of the same at 1.2067. It remains to be seen if those price points will come into play today or as the week unfolds. XRPUSD is currently trading at 1.0320

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