Ripple Price Analysis: XRP/USD Turned Short-term Bullish above $0.2660

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Key HighlightsRipple price corrected higher recently and broke the $0.2660 and $0.2800 resistances against the US dollar.There is a new connecting bearish trend line formed with resistance at $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently below the 100 hourly SMA, but it remains supported near $0.2660.Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.2660 to recover further above $0.3000 in the near term.Ripple Price SupportYesterday, a decent upside move kicked off and Ripple price moved above the $0.2660 resistance against the US Dollar. The XRP/USD pair even broke the $0.2800 and $0.2850 resistance levels to set the pace for more gains. However, the $0.3000 resistance acted as a major hurdle for buyers. The price failed to settle above $0.3000 and formed a high at $0.3029. Later, it corrected lower below the