Ripple’s XRP Technical Analysis: XRP/USD if $0.3800 is conquered, it can fly again

• XRP price up over 4% in the early part of Wednesday’s session, set for strong recovery.
• XRP/USD managed to form a bottom over the past few sessions, selling running exhausted.  
• The price was heavily oversold via the RSI, bulls eyeing opportunity for a strong recovery of losses.

XRP/USD daily chart

Spot rate:                   0.3794

Relative change:       +4.43%

High:                          0.3868

Low:                           0.3631

Trend:                         Bullish

Resistance 1:              0.3810, 11-12 November low area.

Resistance  2:              0.3910, daily pivot point resistance.

Resistance  3:              0.4082, daily pivot point resistance.

Support 1:                   0.3457, daily pivot point support.

Support 2:                   0.3286, daily pivot point support.

Support 3:                   0.3145, daily pivot point support.

XRP/USD 60-minute chart

• Bulls must break down resistance within $0.38-0.39 terrtitory for greater upside.