Ripple’s XRP technical analysis: XRP/USD testing critical near-term ascending trend line of support

  • XRP price is trading in the red on Friday down some 2% in the second part of the day. 
  • XRP/USD remains supported for now at the big buying area of $0.3000.
  • Near-term daily supply can be observed around $0.3300-0.3400 price range.

 

Spot rate:                  0.3133

Relative change:      -2.15%

High:                         0.3225

Low:                          0.3100

XRP/USD 60-minute chart

  • Near-term price action supported via the 60-minute by a key ascending trend line.

 

XRP/USD daily chart

  • The buyers are protecting the $0.3000 territory, however now stubborn resistance see at $0.3300-0.3400 capping the bulls.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.