Home Ripple’s XRP technical analysis: XRP/USD must break down heavy supply $0.3200-0.3400 for greater gains

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Ripple’s XRP technical analysis: XRP/USD must break down heavy supply $0.3200-0.3400 for greater gains

FX Street

Published date: 5 Aug. 2019 | 17:57

Ripple’s XRP price in the second half of the session on Monday is holding gains of some 1.90%.
XRP/USD has further room to push north, after edging out from pennant pattern.
There is a chunky range of supply running from $0.3200-0.3400 price range.

Spot rate: 0.3249

Relative change: +7.50%

High: 0.3308

Low: 0.3192

XRP/USD 60-minute chart

Price action via the 60-minute smashed out from a bullish pennant structure, set for a retest.

XRP/USD daily chart

Bulls looking for further run higher following escape from narrowing bearish pennant set up.

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