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  • Ripple retaining upside pressure, as bulls look to breakdown chunky supply zone above.
  • XRP/USD moving within an ascending channel pattern, immediate resistance seen at 0.6200, support at $0.6100.


The Ripple price bullish momentum resumes on Friday, retaining the upside pressure seen from Tuesday of this week. A revival has been seen across the board within the cryptocurrency market, but there are still some upside challenges ahead.

XRP/USD will be looking at closing the week in the green, which marks the first positive close seen in over 4 weeks. The price pressure had initially been seen to the downside, but Ripple received a large amount of support at $0.54, a very key area, that has proven to prop up the price.

Looking at the 60-minute chart, XRP/USD looks well supported for some further upside in the near-term, with the price within a fast-rising ascending channel pattern. Upside resistance is seen just ahead between $0.62-0.63, where there is a supply zone, as proven this week and last. Support seen at the lower part of the channel, $0.61, then the 50MA $0.6060, with the 200MA not too far behind at $0.6000.


XRP/USD 60-minute chart