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Ripple Price Analysis: Investor interest on the rise as XRP/USD spikes 2%

  • Ripple holds above $0.20 after rejection from the weekly high above $0.21.
  • XRP/USD renews bullish momentum on Saturday with gains testing the short term resistance at $0.2050.

Ripple is slowly repairing its image in the eyes of its investors. For a long time the crypto has been singled out as one of the most underperforming digital assets. Recovery has not been forthcoming for XRP, especially after the “Black Thursday” crash in March: Ripple plunged to $0.11. The trading in May and June was characterized by dominant selling activities with the price diving back to $0.1650.

The month of July has been kind to Ripple considering that its value has increased significantly to levels above $0.21. Unfortunately, it became difficult for the bulls to sustain gains towards $0.25. Instead, there was a minor adjustment on Friday with Ripple containing the gains around $0.20.

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