Ripple technical analysis: XRP/USD sustained uptrend hints breakout above $0.3
|- Ripple price is lethargic under $0.28 short-term hurdle but $0.27 is a credible support area in the short-term.
- Despite the visible declines in the short timeframe charts, XRP/USD has sustained an uptrend from August lows close to $0.24.
Spot rate: 0.2738
Relative change: 0.003582
High: 0.2779
Low: 0.2736
Trend: Strongly bearish
XRP/USD daily chart
Ripple bulls’ confidence in the uptrend unshaken as the price gradually slopes north above the short-term trendline.
XRP/USD 4-hour chart
$0.24-$0.26 established as a credible refuge in the event of a reversal. Correction above the descending trendline to open the door for gains above $0.3.
XRP/USD 1-hour chart
Ripple price is slightly bearish in the short-term. However, the price is above the moving averages suggesting existing bullish power in the short-term.
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