Ripple’s XRP technical analysis: XRP/USD testing critical near-term ascending trend line of support

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  • XRP price is trading in the red on Friday down some 2% in the second part of the day. 
  • XRP/USD remains supported for now at the big buying area of $0.3000.
  • Near-term daily supply can be observed around $0.3300-0.3400 price range.

 

Spot rate:                  0.3133

Relative change:      -2.15%

High:                         0.3225

Low:                          0.3100

XRP/USD 60-minute chart

  • Near-term price action supported via the 60-minute by a key ascending trend line.

 

XRP/USD daily chart

  • The buyers are protecting the $0.3000 territory, however now stubborn resistance see at $0.3300-0.3400 capping the bulls.

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