Ripple’s XRP technical analysis: XRP/USD bulls attempting retest of breached channel formation

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Ripple’s XRP price is holding decent gains late on Friday of some 5% in the session.

XRP/USD bulls trying to retest a breached channel formation seen via the daily,.

heavy resistance can be seen at the $0.3500-0.4000 price range. 

Spot rate:                  0.3472

Relative change:      +5.54%

High:                         0.3503

Low:                          0.3197

 

XRP/USD 15-minute chart

Near-term price action smashing out from a bullish flag structure.

XRP/USD daily chart

There is much supply running from $0.3500 back up the $0.4000 mark.

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