XRP Price Rallied 7%, Is It Gearing To Test The Next Resistance?

The XRP price climbed 7% over the last 24 hours, turning the technical outlook for the coin bullish. In the past week, the XRP price had not performed too well, but with the recent price surge, it made up for its weekly loss. Currently, XRP has only lost 2% of its market value in the last week. Despite most altcoins staggering under the bearish influence, XRP has managed to display positive sentiments on its daily chart. Buyers seemed to have gained confidence in the asset. The technical outlook also turned towards bullish signals at the time of writing. After registering selling strength over the past few weeks, XRP now trades with increased buying strength. Bitcoin’s price movement is still taking a toll on XRP price movement. At the current price level, XRP is still trading 89% lower than its all-time high of $3.40. The global cryptocurrency market cap today is $1 trillion, with a 0.1% negative change in the last 24 hours. XRP Price Analysis: One Day Chart The altcoin was trading at $0.35 at the time of writing. Tight resistance awaits XRP at $0.38 as the altcoin has struggled at that price level for a considerably longer period of time. Once XRP propels above the aforementioned resistance, there could be a chance for the altcoin to revisit the $0.44 level. On the other hand, support for the coin stood at $0.33. At the moment, the XRP price is trading quite close to that level. The amount of XRP traded in the last tra...