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XRPUSD - Rallies to Key $0.40 Level as Doubts Linger

 

 
Ripple has rallied well in the last few days to retain touch of the key $0.40 level after dropping sharply for several weeks down to its lowest level in two months around 0.32. After moving very little throughout most of October, Ripple enjoyed a surge higher moving to its highest levels in five weeks and moving above the key 0.50 level to above 0.55. Technically any buyers will be keen for XRPUSD to return to back above the 0.40 level as it is presently feeling resistance at that level which may prevent it moving too much higher. For several weeks during October Ripple was able to take a deep breath and enjoy some subdued movement after a wild and volatile ride throughout the second half of September.
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