Ripple’s XRP failed to sustain the big upside momentum seen early in the session. XRP/USD still remains within the confinements of a pennant pattern or triangular structure. Ripple’s XRP price in the latter part of Wednesday was seen trading up with gains of 1.5%, after initially being up as much 5% early in the session. XRP/USD, however, failed to sustain the upside run of momentum. XRP/USD continues to move within the confinements of a bearish pennant pattern structure, which has been the case since 26th February. During the rally today, the price briefly managed to jump above the upper acting trend line of the pennant, however very much short-lived, dropping back within the pattern. In terms of the noteworthy key support and resistance barriers, looking via the confluence detector, starting off with the resistance; $0.3258, 38.2% monthly Fibonacci, 100 daily SMA, $0.3324, weekly pivot point resistance. To the downside; a huge barrier at $0.3125 daily and monthly 61.8% Fibonacci, $0.3092, daily pivot point support and daily 23.6% Fibonacci. XRP/USD daily confluence detector 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. View All Post By FX Street Crypto News share Read Next USD/CAD extends slide toward 1.33 handle as WTI pushes above $58 FX Street 4 years Ripple's XRP failed to sustain the big upside momentum seen early in the session. XRP/USD still remains within the confinements of a pennant pattern or triangular structure. Ripple's XRP price in the latter part of Wednesday was seen trading up with gains of 1.5%, after initially being up as much 5% early in the session. XRP/USD, however, failed to sustain the upside run of momentum. XRP/USD continues to move within the confinements of a bearish pennant pattern structure, which has been the case since 26th February. During the rally today, the price briefly managed to jump above the upper acting… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
