Ripple's XRP Technical Analysis: XRP/USD price falls back into the range of death

  • Ripple's XRP on Friday was trading in very minor positive territory, holding gains of just some 0.15%.
  • XRP/USD bears forced to price to trade back down within the prior narrowing daily range, in which the bulls had managed to escape on 2nd  April.
  • If the bulls fail to escape again, then each day draws the possibility closer of a $0.3000 return. 

 

Spot rate:                  0.3283

Relative change:      +0.15%

High:                         0.3307

Low:                          0.3178

 

XRP/USD 60-minute chart

  • Price action has broken out to the upside from a descending channel formation structure. 

XRP/USD daily chart

  • Price has slipped back within the prior range-block formation, seen between 11th January, until the breakout on 2nd April. 

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