Ripple’s XRP Technical Analysis: XRP/USD Does not have the juice for a $0.4000 breakout

• Ripple’s XRP trading marginally down in negative territory on Friday by 0.60%.  
• XRP/USD is moving within a range of $0.39-0.33 since 28th December.  
• The key for greater upside is the bulls breaking above $0.4000, which as it stands with current momentum, may not be seen for a while.  

XRP/USD 15-minute chart

• The price broke out to the downside from a rising wedge pattern formation.  

Spot rate:                   0.3587

Relative change:       -0.60%

High:                          0.3671

Low:                           0.3574

Trend:                         Bearish/Neutral  

Support 1:                   0.3490, daily pivot point support.

Support 2:                   0.3372, daily pivot point support.

Support 3:                   0.3216, daily pivot point support.

Resistance 1:              0.3764, daily pivot point resistance.

Resistance  2:              0.3920, daily pivot point resistance.

Resistance  3:              0.4038, daily pivot point resistance.

XRP/USD 60-minute chart  

• Range can be seen a high tops at $0.3900 with the low at $0.3300, sine 28th December.

XRP/USD daily chart

• Price action like a number of its peers is confined within a range-block formation.