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XRP Price Analysis: XRP/USD critical daily support should be noted at $0.2650

  • XRP price is trading in positive territory, with gains of some 1.27% on Friday.
  • XRP/USD is attempting to bounce back or see a minor respite from the downside pressure.
  • The price remains vulnerable underneath the psychological $0.3000 mark.

 

XRP/USD weekly chart

The current weekly candle is proving to be very much engulfing of the prior weekly candle, ending a nice run consecutive run higher. 

XRP/USD daily chart 

XRP/USD continues to hug very closely to a long-running ascending trend line of support. 

 

Spot rate:                  0.2762

Relative change:      +1.70%

High:                          0.2786

Low:                           0.2682

 

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