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Ripple’s XRP Technical Analysis: XRP/USD bulls must capitalize on given opportunities or be punished

  • Ripple’s XRP price into the second half on Wednesday is nursing very minor losses of some 0.45%.
  • XRP/USD has recently broken out and retested a bullish flag pattern, subject to further potential upside.  

 

Spot rate:                0.3174

Relative change:     -0.45%

High:                        0.3219

Low:                         0.3135

 

Trend:                       Neutral/Bullish

 

Trends:
       Daily SMA20:  0.3133
       Daily SMA50:  0.3172
       Daily SMA100:  0.34
       Daily SMA200:  0.3775
Levels:
       Previous Daily High:  0.3376
       Previous Daily Low:  0.3166
       Previous Weekly High:  0.3505
       Previous Weekly Low:  0.2982
       Previous Monthly High:  0.3906
       Previous Monthly Low:  0.2833
       Daily Fibonacci 38.2%:  0.3247
       Daily Fibonacci 61.8%:  0.3296
       Daily Pivot Point S1:  0.3116
       Daily Pivot Point S2:  0.3036
       Daily Pivot Point S3:  0.2906
       Daily Pivot Point R1:  0.3325
       Daily Pivot Point R2:  0.3455

    Daily Pivot Point R3:  0.3535

 

XRP/USD 60-minute chart

  • A near-term ascending trend line is protecting the price from a drop south for now.  

 

XRP/USD daily chart

  • Price action has broken out and retested a bull flag pattern formation seen via the daily chart view.  

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