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Ripple (XRPUSD) explodes higher in weekend trading

22 Nov, 2020

On Friday it was noted here; that Ripple (XRPUSD) was due to make further progress and it could accelerate if it rose above minor resistance in place at 0.3083. It was envisaged that if this level was surpassed, then it would open an immediate move towards the, then current 2020 high at 0.3283. Well, both levels were surpassed late on Friday evening and that is just the start of the story. That is because the price has exploded higher this weekend. The upside break, above 0.3283 has led the coin to make the most stunning of moves since 2018. Ripple exploded higher on Saturday, rising to just short of $0.50 by the twilight hours on Sunday. The high reached was around $0.4970. That high constituted a gain of just over 50% from where the price had ended up late on Friday evening. Earlier on Sunday the price did reverse back, close to 0.40, but it is rising again this evening, ahead of the wider Asian market opening in around 90 minutes. XRPUSD is just now trading at 0.4680

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