- Ripple’s XRP price on Thursday is trading in the green, up over 0.50%.
- XRP/USD moving within a narrow near-term range, demand supply at $0.3250, demand at $0.3150.
XRP/USD 15-minute chart
- XRP/USD price action has formed a bullish pennant pattern, subject to a breakout.
Spot rate: 0.3186
Relative change: +0.55%
High: 0.3192
Low: 0.3138
Trend: Neutral
Support 1: 0.3139, daily pivot point support.
Support 2: 0.3111, daily pivot point support.
Support 3: 0.3067, daily pivot point support.
Resistance 1: 0.3210, daily pivot point resistance.
Resistance 2: 0.3254, daily pivot point resistance.
Resistance 3: 0.3282, daily pivot point resistance.
XRP/USD 60-minute chart
- Demand area is solid at $0.3150 area, supply just as strong at $0.3250 region. Narrow range.
XRP/USD daily chart
- XRP/USD just as seen with the rest of the market, fails to breakout of this daily range formation.