- Ripple’s XRP price on jumps a whopping double-digits on Wednesday, up over 10%.
- XRP/USD big buyers come into play in well-known demand zone, $0.3000-0.2500.
XRP/USD 15-minute chart
- Price action has formed a bullish pennant pattern, subject to a breakout higher.
Spot rate: 0.3187
Relative change: +10.10%
High: 0.3247
Low: 0.2862
Trend: Bullish
Support 1: 0.2828, daily pivot point support.
Support 2: 0.2763, daily pivot point support.
Support 3: 0.2693, daily pivot point support.
Resistance 1: 0.2962, daily pivot point resistance.
Resistance 2: 0.3032, daily pivot point resistance.
Resistance 3: 0.3097, daily pivot point resistance.
XRP/USD 60-minute chart
- Price action breaks out from a near-term range block seen via the 60-minute chart.
XRP/USD daily chart
- Price action attempting to retest the breached pennant pattern via the daily.
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