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  • Ripple price was seen running with modest gains of some 1.7%, as bulls maintain upside.
  • XRP/USD has been bouncing higher with the support of an ascending trend line, running from 18th September.

 

The Ripple price on Thursday was seen trading with modest gains, up some 1.7% towards the latter stages of the session. Sentiment across the crypto market has been to the upside, since the downside pressure at the start of the week.

XRP/USD has demonstrated some erratic price action from the big bull run on 20th September, where it rallied around 200%. To then quickly lose around 40% of that excessive buying pressure, which saw a high print of just above $0.7900.

Technically, the price remains supported for now to see further upside, but the key near-term supporting ascending trend line will need to remain intact. The vital immediate support is eyed at the psychological $0.5000 mark. Supply is seen to be tracking from $0.5500 up to $0.6000, a clearance could allow some decent buying up towards $0.7000- 0.8000 again.

 

XRP/USD 60-minute chart