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Ripple’s XRP Technical Analysis: XRP/USD moving deeper in big demand area

  • Ripple’s XRP price on Tuesday nursing losses of around 1%, as the downside momentum continues.  
  • XRP/USD gradually moving deeper into the large area of demand, awaiting for big buyers.  

XRP/USD 15-minute chart

  • Demand area near-term propping up the price, $0.2850-25, preventing deeper free-fall.  

 

Spot rate:                0.2910    

Relative change:     -1.05%

High:                        0.2967

Low:                         0.2832

 

Trend:                       Bearish

 

Support 1:                 0.2842, daily pivot point support.

Support 2:                 0.2733, daily pivot point support.

Support 3:                 0.2625, daily pivot point support.

Resistance 1:            0.3059, daily pivot point resistance.

Resistance  2:            0.3167, daily pivot point resistance.

Resistance  3:            0.3276, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • Near-term descending trend line seen via the 60-minute chart, containing upside momentum, within the early $0.2900 region.  

XRP/USD daily chart

  • XRP/USD price continuing to move deeper in chunky area of demand. Tracking from $0.3000-0.2500.

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