Ripple’s XRP Technical Analysis: XRP/USD big chunky barrier in the way $0.3400-0.3500

• Ripple’s XRP is holding gains of some 3% in the session on Wednesday, as the price continues its bullish run.  
• XRP/USD price is currently running at four sessions consecutive sessions of gains.    

XRP/USD 15-minute chart

• Bulls are edging towards a breakout of this triangular/pennant pattern formation.  

Spot rate:                 0.3345      

Relative change:     +3.01%

High:                        0.3372

Low:                         0.3207

Trend:                       Neutral

Trends:
       Daily SMA20:  0.306
       Daily SMA50:  0.3232
       Daily SMA100:  0.352
       Daily SMA200:  0.38
Levels:
       Previous Daily High:  0.3505
       Previous Daily Low:  0.3222
       Previous Weekly High:  0.3136
       Previous Weekly Low:  0.2971
       Previous Monthly High:  0.3906
       Previous Monthly Low:  0.2833
       Daily Fibonacci 38.2%:  0.3397
       Daily Fibonacci 61.8%:  0.333
       Daily Pivot Point S1:  0.3149
       Daily Pivot Point S2:  0.3044
       Daily Pivot Point S3:  0.2865
       Daily Pivot Point R1:  0.3432
       Daily Pivot Point R2:  0.3611
       Daily Pivot Point R3:  0.3716

XRP/USD 60-minute chart

• Price action is narrowing within a triangular/pennant pattern formation.  

XRP/USD daily chart

• There is much supply observed via the daily from $0.3500-0.3600 price range.