- Ripple’s XRP nursing losses just shy of 1% on Friday, as the bears maintain downside control.
- XRP/USD downside support seen immediately at $0.3000-0.2800. Upside capped at $0.3300-0.3400.
XRP/USD 15-minute chart
- Price action broke out from a near-term rising wedge formation.
Spot rate: 0.3094
Relative change: -0.90%
High: 0.3138
Low: 0.2978
Trend: Bearish
Support 1: 0.2989, daily pivot point support.
Support 2: 0.2859, daily pivot point support.
Support 3: 0.2662, daily pivot point support.
Resistance 1: 0.3316, daily pivot point resistance.
Resistance 2: 0.3513, daily pivot point resistance.
Resistance 3: 0.3643, daily pivot point resistance.
XRP/USD 60-minute chart
- Price pressure picked up pace after producing a evening star via the 60-minute. A bounce however was seen at the psychological $0.3000.
XRP/USD daily chart
- Bears can be seen gunning towards that big key area of demand, near-term initially this can be seen $0.3000-0.2800.
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