Ripple's XRP technical analysis: XRP/USD bulls attempting retest of breached channel formation
|- Ripple's XRP price is holding decent gains late on Friday of some 5% in the session.
- XRP/USD bulls trying to retest a breached channel formation seen via the daily,.
- heavy resistance can be seen at the $0.3500-0.4000 price range.
Spot rate: 0.3472
Relative change: +5.54%
High: 0.3503
Low: 0.3197
XRP/USD 15-minute chart
- Near-term price action smashing out from a bullish flag structure.
XRP/USD daily chart
- There is much supply running from $0.3500 back up the $0.4000 mark.
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.