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Ripple changed little in the last hours after passing above a dynamic resistance. It remains to see how the rate will react as it is still located below some strong upside obstacles. XRP/USD moves somehow sideways in the short term after ending its sell-off.
Technically, the price of Ripple could confirm a larger growth soon. Still, we cannot exclude a minor decline to retest the immediate support levels before jumping higher. Bitcoin's potential growth could help the XRP/USD to increase as well.
Ripple is traded at 1.0116 level and it stands above the 150% Fibonacci line which represented a dynamic resistance. Stabilizing above it and making a new higher high, to close above 1.1 psychological level confirms a strong swing higher.
In the short term, the price could still test and retest the broken 150% line before jumping higher. XRP/USD found temporary resistance at the 50% Fibonacci retracement level and at the weekly R1 1.0671.
Ripple could extend its growth if it jumps, closes, and stabilizes above 1.1000 psychological level. Failing to stabilize under the 61.8% retracement level signaled that the corrective phase could be over.
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