Ken Chigbo
Independent Analyst
- Ripple's XRP price is holding decent gains late on Friday of some 5% in the session.
- XRP/USD bulls trying to retest a breached channel formation seen via the daily,.
- heavy resistance can be seen at the $0.3500-0.4000 price range.
Spot rate: 0.3472
Relative change: +5.54%
High: 0.3503
Low: 0.3197
XRP/USD 15-minute chart
- Near-term price action smashing out from a bullish flag structure.
XRP/USD daily chart
- There is much supply running from $0.3500 back up the $0.4000 mark.
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