Ripple’s XRP Technical Analysis: XRP/USD is a sitting duck with lack of major support until back towards $0.30-0.20 region.

• Ripple’s XRP is holding minor gains of around 1% into the second half of the session on Friday.
• XRP/USD via the near-term view has moved back towards and flirting with an ascending trend line, which formed at the start of 16th December bull run.  

XRP/USD 15-minute chart

• Price action was moving within an ascending channel formation, and has recently seen a breach by the market bears.

Spot rate:                   0.3461

Relative change:       +1.33%

High:                          0.3546

Low:                           0.3373

Trend:                         Neutral

Support 1:                   0.3220, daily pivot point support.

Support 2:                   0.3023, daily pivot point support.

Support 3:                   0.2711, daily pivot point support.

Resistance 1:              0.3728, daily pivot point resistance.

Resistance  2:              0.4040, daily pivot point resistance.

Resistance  3:              0.4236, daily pivot point resistance.

XRP/USD 60-minute chart

• Price action is back in play with an ascending trend line, which formed at the start of the 16th December uptrend.  

XRP/USD daily chart

• Next major support area is still some way south, seen down at range of $0.3000-0.2500.