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Ripple Technical Analysis: XRP/USD bulls are constructing their rocket for another shot at the moon

  • Ripple price was seen holding chunky gains of over 8% in the early part of Friday’s session.
  • XRP/USD recovered firmly after a soft start to the week, look to close up on the weekly view, after two consecutive week’s of losses.  

 

 

XRP/USD 60-minute chart


 

Spot rate:                    0.31683

Relative change:        +8.64%

High:                           0.32077

Low:                            0.29072

Trend:                         Bearish
 

Resistance 1:              0.31986, (resistance on 60-minute chart).

Resistance 2:             0.33850, consolidation area.

Resistance 3:             0.35085, supply zone.  

Support 1:                   0.31150, former area of resistance.

Support    2:                  0.29237, 50MA.

Support    3:                  0.28400, 100MA.

 

 

 

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