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.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
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