Search ForexCrunch
  • Ripple’s XRP on Friday is seen holding decent gains of some 2.5% in the latter part of the day.
  • XRP/USD price action is moving within an ascending channel formation via the daily view.


Ripple’s XRP price on Friday is trading with decent gains of some 2.5% into the second half of the session. At the time of writing XRP/USD is still nursing losses on the week, as the price at this stage has hardly moved in comparison to last week.

Price action via the daily chart view is moving within an ascending channel formation, subject to a potential breakout to the downside. XRP/USD just continues to remain vulnerable to rallies being sold by the bears.

The big barrier that tracks from $0.3500 up to $0.3600 continues to be problematic for the bulls, XRP/USD has not traded above since 10th January. In terms of the daily confluence detector, to the upside; $0.3288, monthly 38.2% Fibonacci and daily pivot point resistance, $0.3355, monthly 23.6% Fibonacci and 100 daily SMA.  

XRP/USD daily confluence detector