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Ripple's XRP technical analysis: XRP/USD a daily closure above $0.3000 is critical

  • Ripple's XRP price is trading with the green by some 3.50% in the session on Monday. 
  • XRP/USD is running towards is fifth consecutive week in the green, as the price continues to recover.
  • The big psychological $0.3000 is the gateway to greater heights for the bulls.
Ripple's XRP technical analysis: XRP/USD a daily closure above $0.3000 is critical
Ken ChigboKen ChigboIndependent Analyst

XRP/USD weekly chart

The price is on a run north, after taking a beating from June to September, bulls looking to solidify recovery run. 

XRP/USD daily chart

Price action via the daily chart view is moving within an ascending channel structure, also viewable as a potential bearish flag. 

Spot rate:                 0.3052

Relative change:      +3.45%

High:                         0.3100

Low:                          0.2960

Author

Ken Chigbo

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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