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Ripple's XRP Technical Analysis: XRP/USD bulls are back

  • Ripple's XRP price in the second half of the session on Friday is trading in the green up some 2.70%.
  • XRP/USD bulls receive a shot of energy, as the price takes a jump out from the huge demand zone, around the $0.3000 territory.
  • There next major barrier is seen around $0.3500 and then further north the $0.4000 region. 

Spot rate:                 0.3149

Relative change:     +2.70%

High:                        0.3168

Low:                         0.3042

XRP/USD 60-minute chart

  • Near-term supply troubling around the $0.3200 area, below sees the comfort of an ascending trend line. 

XRP/USD daily chart

  • Continues its move south thanks to the big demand zone support, after being under threat towards the back end of April. 

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