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Ripple’s XRP Technical Analysis: XRP/USD subject to breakout south from ascending wedge

  • Ripple’s XRP price in the second half of Monday’s session is trading in minor positive up some 1%.
  • XRP/USD price action is moving within a narrowing range-block formation.  
  • Price capped to the upside by resistance at $0.3400, the upper part of range-block.  

 

Spot rate:                  0.3145

Relative change:       +1.00%

High:                         0.3163

Low:                          0.3096  

 

Trend:                        Bullish/Neutral

XRP/USD 60-minute chart

  • Supply capping upside potential, sellers camped heading into 0.3200 price territory.

XRP/USD daily chart

  • Daily chart view sees price moving within a range-block formation, narrowing.

 

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