Ripple’s XRP Technical Analysis: XRP/USD   heavy protection round to clock for $0.3000, as bear threat lingers

• Ripple’s XRP price on Friday is trading with minor gains of just some 1% in the latter part of the session.
• XRP/USD big defending still being observed around the $0.3000 area, buyers protecting this region.  
• The bulls need to force a breakout of the narrowing range, $0.3000-0.3500 region.  

Spot rate:                   0.2988

Relative change:       +1.05%

High:                          0.3029

Low:                           0.2916

XRP/USD 60-minute chart

• Price action has edged out from a near-term pennant structure seen via the 60-minute view.  

XRP/USD daily chart

• The buyers continue to heavily defend the $0.3000 price region, preventing a free-fall.