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Ripple's XRP Technical Analysis: XRP/USD big barrier at $0.3500

  • Ripple's XRP price on Thursday is trading in very minor positive territory up some 0.50%.
  • XRP/USD bulls are capped to the upside by resistance seen at $0.3500. 
  • Looking further to the north, chunky supply can be observed heading into the $0.4000. 

Spot rate:                  0.3389

Relative change:      +0.50%

High:                         0.3491

Low:                          0.3213

XRP/USD 60-minute chart

Price action via the 60-minute formed somewhat of a bearish evening / shooting star, rejection at $0.3500. 

XRP/USD daily chart

  • A big barrier to the upside can be seen at $0.3500, a break here should open the door for a retest up towards the $0.4000 area. 

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