Ripple's XRP Technical Analysis: XRP/USD bulls once again are stopped short by hard resistance at $0.40
- Ripple's XRP price trading up over 8% into the second half of the session on Wednesday.
- XRP/USD bulls were stopped short in the run so far, by stubborn resistance at $0.40.

Spot rate: 0.3861
Relative change: +8.12%
High: 0.3993
Low: 0.3515
Trend: Bullish
Resistance 1: 0.3968, daily pivot point resistance.
Resistance 2: 0.4000, psychological resistance.
Resistance 3: 0.4500, 21st November high area.
Support 1: 0.3361, daily pivot point support.
Support 2: 0.3159, daily pivot point support.
Support 3: 0.3057, daily pivot point support.
XRP/USD 60-minute chart
- Barrier around the $0.4000 price area, XRP/USD not been above since 24 November.
XRP/USD 4-hour chart
- Next major resistance can be eyed at supply tracking form $112-114.
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.




