Trading instrument XRP/USD know as a Ripple surged by 64.62% in the week ending 15th August. Following on from a 7.64% gain from the previous week, Ripple’s XRP ended the week at $1.28584.
Ripple’s XRP shorters would need to hold the supply level at $1.1340 in order to make a new downside move in the near future.
If the supply zone will hold we can expect that the price will found a first demand zone at the area around the price of $0.6000.