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  • Ripple’s XRP price into the second half of the session on Friday was holding minor gains of some 0.40%.  
  • XRP/USD daily candle closure managed to close within the triangular structure after the bears were intensely pressing for a breach.  
  • Given the above technical development, it should encourage the bulls the to make a decent comeback.  

 

Spot rate:                  0.3124

Relative change:       +0.40%

High:                         0.3138

Low:                          0.3084

 

Trend:                        Neutral

 

 

XRP/USD 60-minute chart

  • Price action moving within a bearish flag pattern, which could also be perceived as a rising wedge pattern.  

XRP/USD daily chart

  • The price managed to close within the key supporting triangular structure, despite the large selling pressure from the bears on Thursday,