Ripple’s XRP Technical Analysis: XRP/USD is flying but keeps slowing down close to $0.40

• Ripple’s XRP is trading up with chunky gains over 9% on Thursday.
• Bullish momentum continuing this week, however bulls keep slowing down in the approach to the big area of $0.4000.

XRP/USD 15-minute chart

Spot rate:                   0.3864

Relative change:       +9.40%

High:                          0.3955

Low:                           0.3480

Trend:                         Bullish

Resistance 1:              0.3855, daily pivot point resistance.

Resistance  2:              0.4178, daily pivot point resistance.

Resistance  3:              0.4363, daily pivot point resistance.

Support 1:                   0.3347, daily pivot point support.

Support 2:                   0.3162, daily pivot point support.

Support 3:                   0.2839, daily pivot point support.

XRP/USD 60-minute chart

• Risk of a potential double top formation if the shown supply area is not broken down by the bulls.

XRP/USD 4-hour chart

• The 4-hour view demonstrates just exactly how strong of an area the $0.40 territory is.