Ripple’s XRP Technical Analysis: XRP/USD is gunning for a firm explosion through $0.4000 and beyond

• Ripple’s XRP price managing very marginal losses of 0.4% on Thursday, after small pullback.
• XRP/USD bulls are  targeting  a retest of the big near-term resistance of $0.4000.  
• Another green daily close for XRP and a breach of the above-mentioned resistanace, will  solidify  this recovery run.  

XRP/USD 4-hour chart

Spot rate:                   0.3866

Relative change:       -1.65%

High:                          0.3936

Low:                           0.3772

Trend:                         Bullish

Resistance 1:              0.4055, 28 November top area.  

Resistance  2:              0.4106, daily pivot point resistance.  

Resistance  3:              0.4286, daily pivot point resistance.  

Support 1:                   0.3765, 4-hour support.

Support 2:                    0.3686, daily pivot point support.

Support 3:                   0.3447, daily pivot point support.

XRP/USD 60-minute chart

• XRP/USD price moving within an ascending channel, remains supported for now for further upside.