Ripple’s XRP Technical Analysis: XRP/USD bullish flag ready for the bull stampede breakout

• Ripple’s XRP was seen holding decent gains in the early part of Tuesday, up some 2.5%.
• XRP/USD jumped higher in early trading, big thanks to a move led by Bitcoin. This appearing to be due to renewed market optimism, following Nasdaq announcement, to list  Bitcoin  futures next year.  
• Price action since the jump in early hours, has formed a bullish flag pattern, subject to a breakout. As seen via the 30-minute chart view.  

XRP/USD 30-minute chart
 

Spot rate:                   0.3564

Relative change:       -2.55%

High:                          0.3602

Low:                           0.3375

Trend:                         Bullish  

Resistance 1:              0.3632, daily pivot point resistance.

Resistance  2:              0.3796, daily pivot point resistance.

Resistance  3:              0.3893, daily pivot point resistance.

Support 1:                   0.3560, on top of bull flag.  

Support 2:                   0.3371, daily pivot point support.

Support 3:                   0.3275, daily pivot point support.

XRP/USD daily chart

• Price action moved towards a double bottom area on the daily. Chunky demand area seen from $0.3500 down to $0.3200.