Home Ripple’s XRP Technical Analysis: XRP/USD narrowing price range is subject to explosive breakout
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Ripple’s XRP Technical Analysis: XRP/USD narrowing price range is subject to explosive breakout

  • Ripple’s XRP trading broadly flat in the session on Tuesday, up just some 0.60%.  
  • XRP/USD bulls need to breakdown the $0.4000 area for greater upside.  

XRP/USD 15-minute chart

  • Price action moving withing a horizontal wedge pattern, having recently been rejected by the upper trend line.  

 

Spot rate:                   0.3724

Relative change:       +0.65%

High:                          0.3765

Low:                           0.3638

 

 

 

Trend:                         Neutral

 

Support 1:                   0.3594, daily pivot point support.

Support 2:                   0.3476, daily pivot point support.

Support 3:                   0.3416, daily pivot point support.

Resistance 1:              0.3772, daily pivot point resistance.

Resistance  2:              0.3831, daily pivot point resistance.

Resistance  3:              0.3950, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • 60-minute chart view shows price moving within a rising channel formation.  

XRP/USD daily chart

  • Over the daily chart view, price action moving within a range-block formation.  

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