Ripple price analysis: XRP back above $0.70 support and queues ascent up to $0.86

TL;DR Breakdown

Ripple price analysis shows price rose almost 4 percent over the past 24 hours
XRP crossed the $0.70 support zone for the first time in a week to initiate bullish trend
Trading volume and market capitalisation rose by 6 and 3 percent, respectively

Ripple price analysis shows bullish signs today, as the price rose up to $0.80 over the past 24 hours. Starting the day at $0.721, the price currently sits at $0.787 and remains on course to test the $0.86 resistance over the duration of the newfound uptrend. After last week’s decline down to $0.62, XRP has bounced back strongly and shows the buying that took place at discounted prices over the past 5 days. Over the past 24 hours, XRP trading volume increased by 6 percent, along with a market cap rising by 3 percent to paint a largely bullish scenario for the token.