Ripple Technical Analysis: XRP/USD bulls are constructing their rocket for another shot at the moon

Ripple price was seen holding chunky gains of over 8% in the early part of Friday's session.
XRP/USD recovered firmly after a soft start to the week, look to close up on the weekly view, after two consecutive week's of losses.

Ken Chigbo Independent Analyst

XRP/USD 60-minute chart

Spot rate: 0.31683

Relative change: +8.64%

High: 0.32077

Low: 0.29072

Trend: Bullish

Resistance 1: 0.31986, (resistance on 60-minute chart).

Resistance 2: 0.33850, consolidation area.

Resistance 3: 0.35085, supply zone.

Support 1: 0.31150, former area of resistance.

Support 2: 0.29237, 50MA.

Support 3: 0.28400, 100MA.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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