- XRP price recoiled from support $0.52, clearing the path toward $0.6.
- A break above the month-long descending trendline rejuvenates the bulls’ effort for gains heading to $1.
Ripple has gained some ground since the selloff earlier this week. The cross-border money transfer token lost a considerable amount of its value, whereby the bearish leg extended from $0.6 to $0.52. A more than 10% decline in the cryptocurrency market is not surprising, but the same in another industry would leave an imperfect and an unwanted storm.