Ripple's XRP Technical Analysis: XRP/USD is gunning for a firm explosion through $0.4000 and beyond

  • Ripple's XRP price managing very marginal losses of 0.4% on Thursday, after small pullback.
  • XRP/USD bulls are targeting a retest of the big near-term resistance of $0.4000. 
  • Another green daily close for XRP and a breach of the above-mentioned resistanace, will solidify this recovery run. 

 

XRP/USD 4-hour chart

 

Spot rate:                  0.3866

Relative change:      -1.65%

High:                         0.3936

Low:                          0.3772

 

Trend:                        Bullish

 

Resistance 1:             0.4055, 28 November top area. 

Resistance 2:             0.4106, daily pivot point resistance. 

Resistance 3:             0.4286, daily pivot point resistance. 

Support 1:                  0.3765, 4-hour support.

Support 2:                  0.3686, daily pivot point support.

Support 3:                  0.3447, daily pivot point support.

 

XRP/USD 60-minute chart

  • XRP/USD price moving within an ascending channel, remains supported for now for further upside.

 

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