XRP has receded from a recent spike to the $0.8000 top after 24 hours of bullish momentum following a bullish rally in Bitcoin . However, the cryptocurrency has fallen back under the critical resistance trendline.

Regardless, the recent bullish wave has put Ripple firmly in bullish momentum, as indicated by the 4-hour 100 EMA . As we head into the weekend, I expect to see some fiery bullish action in the market and a possible decisive break above the $0.8000 top.

Meanwhile, my resistance levels are $0.8000, $0.8250, and $0.8500, and my support levels are $0.7500, $0.7300, and $0.7000.

Total Market Capitalization: $1.83 trillion

Ripple Market Capitalization: $37.6 billion

Ripple Dominance: 2.05%

Market Rank: #6