Ripple’s XRP price analysis: XRP/USD moving closure to game-changing range-breakout
|- XRP/USD is on a weekly consecutive run of gains, heading towards its third running week in the green.
- The major barrier of $0.2850, weekly resistance, is very close to being taken out by the bulls.
Ripple’s XRP price is heading for its third straight week in the green, it has gained as much as 25% within the noted period. The price rallied from depressed levels down at $0.2400, up to $0.3000.
XRP/USD, however, is having difficulty with the barrier seen at $0.3000, which has capped the greater upside. It is important to note however that the price via the current weekly candlestick, is making a push above $0.2850, where a big resistance level is seen.
The price has not closed above the noted since the week of 12 August, given that XRP/USD is heading for a closure above this, it could be encouraging for further buyers. It will then likely open the door for a move back into $0.3300, where the next critical weekly resistance is observed.
XRP/USD weekly chart
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