Ken Chigbo
Independent Analyst
- Ripple's XRP price on Friday is trading with decent gains of some 5% in the second part of the session.
- XRP/USD continues to flirt with $0.3000 after the price was briefly forced to trade below late on Thursday and early hours Friday.
- Heavy defending continues to be observed in and around the $0.3000, a large buying area.
Spot rate: 0.2952
Relative change: +4.15%
High: 0.2978
Low: 0.2852
XRP/USD 60-minute chart
- Price broke out from a bearish 60-minute flag formation, to then consolidate and produce another flag structure subject to a breakout.
XRP/USD daily chart
- Buyers continue to heavily protect the $0.3000 price area, historicalyl known to attract the bulls.
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