Technical Analysis
XRP Price Analysis: Retests of $0.30
- XRP price is up by 1.4%
- $0.30 resistance broken once more
- The price continues an uptrend
1 Hour XRP/USD price chart
XRP price is up by 1.4% in the last 24 hours and still continues its uptrend within the current trading channel. However, the recent retest of the $0.30 resistance was a stop loss hunt, tapping into liquidity above resistance levels and trapping some stop-loss orders on short positions.
XRP price still continues its overall ascend and is very likely to again retest $0.30 price mark in the near future. Prior to that, the price may bounce off the support trend line around $0.29500 level.
Chart source: Tradingview
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