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Ripple’s XRP Technical Analysis: XRP/USD bearish flag formation eyed

  • Ripple’s price on Friday trading down around 2% in the second half of the session.
  • 60-minute chart view points to another potential break south, with a bear flag structure eyed.  

XRP/USD 15-minute chart

  • Buyers being found near-term from 0.3225-0.3250 range, via 15-minute view.  

Spot rate:                  0.3254  

Relative change:       -1.95%

High:                          0.3315

Low:                           0.3237

 

Trend:                         Bearish  

 

Support 1:                  0.3254, daily pivot point support.

Support 2:                  0.3196, daily pivot point support.

Support 3:                  0.3156, daily pivot point support.

Resistance 1:             0.3351, daily pivot point resistance.

Resistance  2:             0.3391, daily pivot point resistance.

Resistance  3:             0.3449, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • A potential bearish flag formation, gearing up for another break south.

 

XRP/USD daily chart

  • Price remains stuck within the confinements of the mundane 8 session range.  

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