Ken Chigbo
Independent Analyst
- Ripple's XRP price on Friday is trading with minor gains of just some 1% in the latter part of the session.
- XRP/USD big defending still being observed around the $0.3000 area, buyers protecting this region.
- The bulls need to force a breakout of the narrowing range, $0.3000-0.3500 region.
Spot rate: 0.2988
Relative change: +1.05%
High: 0.3029
Low: 0.2916
XRP/USD 60-minute chart
- Price action has edged out from a near-term pennant structure seen via the 60-minute view.
XRP/USD daily chart
- The buyers continue to heavily defend the $0.3000 price region, preventing a free-fall.
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