Ripple's XRP Technical Analysis: XRP/USD is hanging on to $0.4000 thanks to a critical trend line
|- Ripple's XRP on Thursday is trading in positive territory with gains of just over 2%.
- XRP/USD had its $0.4000 at threat early in the session after the price broke back into the $0.3900 territory.
- Given the relatively fast defending of $0.4000, it does appear this could very much be the new bottom area.
Spot rate: 0.4064
Relative change: +2.20%
High: 0.4119
Low: 0.3915
XRP/USD 60-minute chart
- XRP/USD price action is narrowing within a range-block formation, subject to a breakout.
XRP/USD daily chart
- A critical ascending trend line came to the rescue in the session, after $0.4000 was very much under threat.
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