- Ripple price seen trading down marginally on Friday, losses of just 1% in the session.
- XRP/USD for two weeks now have been swinging between a range of $0.64 to a low of $0.43.
The Ripple price was seen trading in minor territory on Friday, down just some 1%. As it continues to demonstrate lack of committed trend. This comes after the excessive bull run, from 18th September to 21st September.
XRP/USD has been swinging between the range of $0.62 down to $0.43. It isn’t too surprising given the above-mentioned excessive bull run. Once the bulls re-gather enough momentum to break out of the mentioned range, buyers could really pile in, selling a large move to the upside.
In terms of a technical review, should the bulls breakdown the upper supply, $0.60-0.62, then there isn’t much in the way of $0.80. This was demonstrated during the most recent bull run. Support to the downside seen at the demand at the bottom of the swinging range, $0.46-0.43. A breach could see a fast money move back towards $0.30 territory.
XRP/USD 4-hour chart
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