Ripple’s XRP Price Analysis: XRP/USD minor profit-taking ahead of further potential moves north
|- XRP traded up towards the latter part of Monday, up with gains of just over 12%.
- XRP/USD was forced to give up some gains, as some touted profit taking kicked in.
Ripple’s XRP towards the late part of the session on Monday, gave up some of the chunky gains. Trading up still just over 12%, after being up well over 20% in the early part of the day. It has been a very bullish day across the market, following a breakout of key near-term resistance areas.
XRP/USD bulls were losing some steam around the $0.45-0.46 price territory, as could be seen into the session, around the high of the day. XRP began to get somewhat ‘wobbly’ at these heights, not too surprising given the chunky move that had already been seen.
A breakout of the near-term resistance, $0.45-0.46, should see a clean move back towards a reclaim of the psychological $0.5000 mark. Further barriers north, would be eyed at $0.60, 0.80-0.85 and then the $1.00 territory.
XRP/USD 15-minute chart
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