Home Ripple Technical Analysis: XRP/USD forms a bull flag, imminent spike higher, bulls looking to claim some losses back
Crypto News

Ripple Technical Analysis: XRP/USD forms a bull flag, imminent spike higher, bulls looking to claim some losses back

  • Ripple price is nursing marginal losses of 0.5% on Monday, after another sell-off late Friday evening.
  • XRP/USD after receiving a bid over the weekend, has consolidated and managed to form a bullish flag pattern.

 

XRP/USD 60-minute chart

 

 

Spot rate:                                    0.46045

Relative change:               -0.50%

High:                                                   0.46400

Low:                                                      0.45258

 

Trend:                                                 Neutral

 

 

Support 1:                                  0.45255, (support on 60-minute chart).

Support 2:                                    0.44571, lower part of bull flag.

Support 3:                                    0.44000, mid-point of demand zone.

Resistance  1:                          0.46100, upper part of bull flag.

Resistance 2:                          0.47200, (resistance on 60-minute chart).

Resistance 3:                          0.48450, 30th June high.

 

 

 

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.