Ripple's XRP Technical Analysis: XRP/USD bulls once again are stopped short by hard resistance at $0.40
|- Ripple's XRP price trading up over 8% into the second half of the session on Wednesday.
- XRP/USD bulls were stopped short in the run so far, by stubborn resistance at $0.40.
Spot rate: 0.3861
Relative change: +8.12%
High: 0.3993
Low: 0.3515
Trend: Bullish
Resistance 1: 0.3968, daily pivot point resistance.
Resistance 2: 0.4000, psychological resistance.
Resistance 3: 0.4500, 21st November high area.
Support 1: 0.3361, daily pivot point support.
Support 2: 0.3159, daily pivot point support.
Support 3: 0.3057, daily pivot point support.
XRP/USD 60-minute chart
- Barrier around the $0.4000 price area, XRP/USD not been above since 24 November.
XRP/USD 4-hour chart
- Next major resistance can be eyed at supply tracking form $112-114.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.