XRP Price Climbs to $1.60 — Downside Seen Limited by Strong Support

XRP price started a major increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.60 zone. XRP price started a steady upward move above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.5220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.580. XRP Price Extends Its Surge XRP price started a major upward move above $1.450 and $1.480, like Bitcoin and Ethereum. The price gained pace for a clear move above the $1.50 resistance. The bulls even pumped the price toward the $1.550 zone. A high was formed at $1.6068 and the price started a minor pullback. There was a drop below the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is also a k