Ripple’s XRP Technical Analysis: XRP/USD spikes over 5% higher in one move

• Ripple’s XRP on Wednesday is trading firmly the green, holding gains of some 4.50%.
• XRP/USD has gained over 7.5% in the past two trading sessions, as the bulls look to regain control.  
• The bulls have managed to push the price its highest level in over six sessions.  

Spot rate:                   0.3342

Relative change:       +2.66%

High:                          0.3391

Low:                           0.3213

XRP/USD 60-minute chart

• Bulls have shot out to the upside from a range-block formation, seeing the price jump some 5%.

XRP/USD daily chart

• Bulls are attempting to breakdown supply heading into the area of 0.3600-0.3800.