- Ripple on the weekly looks attractive for some further upside, targets eyed at $1.09 and then $1.20.
- Within a 4-week period XRP/USD has jumped from $0.46 up to highs of $0.96.
The Ripple price is seen X on Friday, as managing to make a late push towards the end of the week, preventing any noticeable losses for the crypto, after trading within consolidation mode. It managed to clear some resistance at $0.85, which may clear some way for $1.00 and beyond.
Looking at the potential weekly close, there has been little progress for XRP/USD in comparison to last week. Another trading week looking at a broadly flat close, despite this though, the performance has been steadier to the upside. Ripple has jumped from $0.46 up to highs of $0.96, within a 4-week period, which is quite some gain.
XRP/USD bulls will be taking advantage, after the price managed to move above some resistance seen at $0.85. Looking at the weekly view, there doesn’t appear to be much in the way of $1.00 and beyond for Ripple. Upside targets remain eyed at $1.09, $1.20, which may not be too far away for achievement. Support is seen within the early $0.80 region, then back down towards the mid-high $0.60 range.
XRP/USD daily chart
BEST BROKERS TO TRADE CRYPTO
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 securities. 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 Forex 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.