Home Ripple Technical Analysis: XRP/USD move along nothing to see here, nothing but mundane price action, but for how long?
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Ripple Technical Analysis: XRP/USD move along nothing to see here, nothing but mundane price action, but for how long?

  • Ripple price seen up a minor 0.7% during trading on Monday, as price continues lack of progress.  
  • XRP/USD has been stuck in this mundane 6 cent price range for the past 10 sessions now.  
  • General market consensus is for another kick of life back into the crypto market come early September, once the summer holidays are officially over.  

 

 

XRP/USD 60-minute chart

Spot rate:                    0.32505

Relative change:        +0.70%

High:                           0.33127

Low:                            0.32141

 

Trend:                         Bullish

 

Support 1:                   0.32172, supporting ascending trend line.  

Support    2:                  0.31550, demand zoned.  

Support    3:                  0.28818, 11th August low.  

Resistance 1:              0.33050-10,  upper part of rising wedge and supply zone.

Resistance 2:             0.35018, 10th August high and supply area.

Resistance 3:             0.36300,    supply zone.  

 

 

 

 

 

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