Ripple's XRP technical analysis: XRP/USD big $0.3000 barrier
|- Ripple's XRP price is trading with the red by some 1.55% in the session on Friday.
- XRP/USD is struggling to push back above the $0.3000 price mark.
- Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.
XRP/USD weekly chart
The price is being capped by the chunky barrier at $0.3000, which appears to be the key to greater upside pressure.
XRP/USD daily chart
Should the bulls manage to force a daily breakout and retest of $0.3000, it may invite further buying momentum.
Spot rate: 0.2918
Relative change: +0.45%
High: 0.2926
Low: 0.2897
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.