Ripple's XRP Price Analysis: XRP/USD $0.2500 in reaching distance

• Ripple's XRP price is trading in the green by some 1.30% in the session on Friday.
• XRP/USD bulls are attempting to break down the $0.2200-0.2400 region. 
• A breakout of the above-noted resistance should open the door for a fast move into $).2500 and beyond. 

XRP/USD weekly chart

Decent bull momentum is being observed, as the price runs towards another week in the green. Further buying pressure came into play after a descending channel break was seen. 

XRP/USD daily chart

The price is moving within consolidation mode, ahead of further moves north. As earlier noted, a break down of $0.2300-0.2400 needs to be seen. 

Spot rate:                  0.2319

Relative change:      +1.30%

High:                          0.2376

Low:                           0.2264