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Ripple’s XRP Technical Analysis: XRP/USD set for further explosive gains

  • Ripple’s XRP price holding decent gains on Tuesday up over 2%. Building further on the run from Monday.  
  • XRP/USD moving within a range-block after the chunky jump on Monday. Subject to extended move higher.

 

XRP/USD 15-minute chart


 

 

Spot rate:                   0.3394

Relative change:       +2.04%

High:                          0.3469

Low:                           0.3260

 

 

Trend:                         Bullish

 

Resistance 1:              0.3470, upper part of near-term range-block.

Resistance  2:              0.3766, daily pivot point resistance.

Resistance  3:              0.4102, daily pivot point resistance.

Support 1:                   0.2984, daily pivot point resistance.

Support 2:                   0.2648, daily pivot point support.

Support 3:                   0.2425, daily pivot point support.

 

XRP/USD 60-minute chart

  • Near-term ascending trend line supporting the bulls in this current move north.

XRP/USD 4-hour chart

  • Bullish pennant formation can be seen via the 4-hour chart view, subject to a breakout.  

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