Ripple's XRP Price Analysis: XRP/USD capped by big barrier at $0.2500
|- Ripple's XRP price is trading in the red by some 1.80% in the session on Monday.
- XRP/USD bulls are struggling in breaking down a big barrier at $0.2500.
- The price managed to close its second consecutive week in the green.
XRP/USD weekly chart
The bulls have been making a decent attempt at recovery, since bottoming out down at $0.1800, late last year.
XRP/USD daily chart
The supply ahead of the $0.2500 price mark is quite heavy, preventing the bulls from breaking through for now.
Spot rate: 0.2320
Relative change: -1.40%
High: 0.2362
Low: 0.2239
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