- VRipple’s XRP price is trading in the green by some 4.60% in the session on Wednesday.
- XRP/USD bullish momentum is cooling following a strong gain on Tuesday, further moves north still eyed.
- A retest of a critical prior acting supply area is underway, $0.2400-0.2200, watched for potential demand.
XRP/USD weekly chart
The bulls are making good progress for a critical break and closure above a weekly supply area, $0.2200-0.2400.
XRP/USD daily chart
A break and retest of the noted supply area could provide a platform for XRP/USD to move back into the $0.3000 territory.
Spot rate: 0.2395
Relative change: +2.25%