Ripple's XRP Price Analysis: XRP/USD $0.2500 in reaching distance
|- Ripple's XRP price is trading in the green by some 1.30% in the session on Friday.
- XRP/USD bulls are attempting to break down the $0.2200-0.2400 region.
- A breakout of the above-noted resistance should open the door for a fast move into $).2500 and beyond.
XRP/USD weekly chart
Decent bull momentum is being observed, as the price runs towards another week in the green. Further buying pressure came into play after a descending channel break was seen.
XRP/USD daily chart
The price is moving within consolidation mode, ahead of further moves north. As earlier noted, a break down of $0.2300-0.2400 needs to be seen.
Spot rate: 0.2319
Relative change: +1.30%
High: 0.2376
Low: 0.2264
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.