Ken Chigbo
Independent Analyst
- VRipple's XRP price is trading in the green by some 4.60% in the session on Wednesday.
- XRP/USD bullish momentum is cooling following a strong gain on Tuesday, further moves north still eyed.
- A retest of a critical prior acting supply area is underway, $0.2400-0.2200, watched for potential demand.
XRP/USD weekly chart
The bulls are making good progress for a critical break and closure above a weekly supply area, $0.2200-0.2400.
XRP/USD daily chart
A break and retest of the noted supply area could provide a platform for XRP/USD to move back into the $0.3000 territory.
Spot rate: 0.2395
Relative change: +2.25%
High: 0.2427
Low: 0.2259
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