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  • Ripple’s XRP price nursing losses of around 2.5% in the second half of the session on Monday.  
  • XRP/USD price behavior continues to demonstrate some downside vulnerabilities.  

XRP/USD 15-minute chart

  • The price is moving within an ascending wedge pattern formation, subject to a breakout to the downside.  

Spot rate:                  0.3066  

Relative change:       -2.53%

High:                          0.3147

Low:                           0.3010


Trend:                         Bearish


       Daily SMA20:  3759.18
       Daily SMA50:  3619.45
       Daily SMA100:  3722.48
       Daily SMA200:  5085.35
       Previous Daily High:  3818.37
       Previous Daily Low:  3764.23
       Previous Weekly High:  4187.25
       Previous Weekly Low:  3659.1
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3784.91
       Daily Fibonacci 61.8%:  3797.69
       Daily Pivot Point S1:  3761.72
       Daily Pivot Point S2:  3735.9
       Daily Pivot Point S3:  3707.58
       Daily Pivot Point R1:  3815.86
       Daily Pivot Point R2:  3844.18
       Daily Pivot Point R3:  3870


XRP/USD 60-minute chart

  • Big near-term buying protecting the psychological  $0.3000 price mark.  

XRP/USD daily chart

  • Price action moving within the confinements of a wedge/pennant pattern, subject to downside risks.