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Ripple’s XRP technical analysis: XRP/USD is very close to $0.50 return

  • Ripple’s XRP price in the second part of Thursday is trading in minor negative by just some 0.10%>.
  • XRP/USD bulls are pressuring a huge barrier seen tracking from $0.47-0.48 range, the high area of the month.  
  • The noted barrier appears to be the last major area of resistance ahead of $0.50 return.  

 

Spot rate:                   0.4445

Relative change:       -0.10%

High:                          0.4713

Low:                           0.4365

XRP/USD 60-minute chart

  • Price action via the 60-minute chart view is supported near-term by an ascending trend line.  

 

XRP/USD daily chart

  • The bulls are trying to break down chunky supply which runs from $0.4700-0.4800 range.  

 

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