Ripple’s XRP Technical Analysis: XRP/USD spikes over 5% higher in one move

  • Ripple’s XRP on Wednesday is trading firmly the green, holding gains of some 4.50%.
  • XRP/USD has gained over 7.5% in the past two trading sessions, as the bulls look to regain control. 
  • The bulls have managed to push the price its highest level in over six sessions. 

 

Spot rate:                  0.3342

Relative change:      +2.66%

High:                         0.3391

Low:                          0.3213

XRP/USD 60-minute chart

  • Bulls have shot out to the upside from a range-block formation, seeing the price jump some 5%.

XRP/USD daily chart

  • Bulls are attempting to breakdown supply heading into the area of 0.3600-0.3800. 

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