Home Ripple Technical  Analysis: XRP/USD sitting on a launch pad ahead of another potential rocket higher to recovery
Crypto News

Ripple Technical  Analysis: XRP/USD sitting on a launch pad ahead of another potential rocket higher to recovery

  • Ripple is trading down over 2% on Tuesday, as price consolidates post the big moves seen on Monday.  
  • XRP/USD is support in the near-term by a former resistance area, price could use this as a launch pad for further moves north.  

 

XRP/USD 15-minute chart

 

Spot rate:                                     0.47143.

Relative change:         -2.28%.

High:                            0.48364.

Low:                             0.46882.

 

Trend:                          Neutral.

 

Resistance  1:             0.47600, 23.6% Fibonacci.  

Resistance 2:             0.47755,  (resistance on 15-minute chart).

Resistance 3:             0.48000, supply zone.  

Support 1:                  0.47034, ascending supporting trend line.  

Support 2:                                    0.46980, 38.2% Fibonacci.

Support 3:                  0.46555,  (support on 15-minute chart).  

 

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.