Ripple Price Analysis: XRP/USD still remains the crypto darling

  • XRP/USD trades nearly 8% higher even as some of the other crypto majors falter.
  • The next big resistance is close to 0.3700 and we might just have enough momentum.

XRP/USD Daily Chart

Ripple has had a massive week this week. 

Currently, the weekly candle is up around 16% as bulls look firmly in control.

On the chart below the daily chart shows the next big resistance at 0.3700.

If there is a retracement the 0.3200 area could act as a support.

There is also a trendline in place that could support the XRP/USD price if the correction is deeper.

Both the RSI and Volume indicators are showing that the market is firmly behind the move higher which is a great sign for the bulls.

Additional Levels

 

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