Ripple Price Analysis: XRP/USD Rebounding Positively Above $0.32

Key HighlightsRipple price formed a decent support near $0.3200-0.3210 and recovered a few points against the US dollar.There is a short term declining channel forming with resistance near the $0.3450 level on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could move a few points higher towards the $0.3500 and $0.3600 levels in the near term.Ripple price is trading with a few positive signs against the US Dollar and Bitcoin. XRP/USD may perhaps recover higher if bulls continue to hold $0.3200.Ripple Price SupportYesterday, we saw how Ripple price managed to hold the $0.3199-0.3200 low against the US Dollar. The XRP/USD pair later started an upside move and recovered above the $0.3350 and $0.3400 resistance levels. There was even a break above the 23.6% Fib retracement level of the last major drop from the $0.4137 high to $0.3203 low. However, the upside move was capped by the

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