Ripple has seen an interesting 24 hour period as it was able to surge past the resistance at $0.46 – for the first time since early November 2018. The cryptocurrency even touched $0.52 but was unable to sustain as the market retraced to close just beneath $0.48.
Despite the pullback, the recent break above $0.46 is very good news for XRP holders as the cryptocurrency struggled at this level through May and June 2019. Ripple now marks a 22% increase over the past month with a further 55% increase over the past 3 months.
XRP continues to be the third largest cryptocurrency sitting on a market cap of around $20 billion.