XRP bulls have returned in force over the past 48 hours, catapulting the asset almost 40% to its new YTD-high at $0.43. For the last 8 months the #3 cryptocurrency has been held in a downward trend against a strong resistance level (white line, see below), but after reaching maximum consolidation buyers were able to successfully break through during the Asian trading session at 02:00 (UTC+1) on May 14.
Right now XRP is continuing to lead the bull market, with a promising 14.7% gain against the US dollar. The 400 SMA (yellow line) is creating temporary resistance for the rising price action, but bullish momentum appears to be showing no signs of ...