- Ripple’s XRP was seen holding solid gains into the second part of Thursday’s session, up over 7%.
- $0.4000 has caused some issues for bulls on numerous occasions now, this is the key for greater upside.
Ripple’s XRP on Thursday was trading up comfortable over 7%, well into the second part of the session. The bullish momentum resuming after a brief and minor pullback in the session on Wednesday.
XRP/USD bulls have attempted to breakdown the $0.4000 barrier, where sellers seem to be camped. This is the area that continues for now, to take the sting out of the bulls charge to the north. A breach should invite another wave of buying pressure.
Should upside momentum maintain its current course, an eventual move above the mentioned barrier. After this, there isn’t too much in the way of resistance, until the $0.5000-0.5500 area. XRP/USD last traded here on 19th November, during the midst of the price falling.
XRP/USD daily chart
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