Ripple’s XRP Technical Analysis: XRP/USD making a big move to break out of the current daily range

• Ripple’s XRP price action was seen holding decent gains of some 4% in the second half of Monday.  
• XRP/USD bulls are gunning towards a breakout of narrowing daily range-block.  

XRP/USD 15-minute chart

• 15-minute chart view has seen a shooting star formation, suggesting  of  a change in trend near-term.  

Spot rate:                0.3176

Relative change:     +%

High:                        0.3211

Low:                         0.3035

Trend:                       Bullish

Support 1:                0.2992, daily pivot point support.

Support 2:                0.2935, daily pivot point support.

Support 3:                0.2888, daily pivot point support.

Resistance 1:           0.3097, daily pivot point resistance.

Resistance  2:           0.3144, daily pivot point resistance.

Resistance  3:           0.3201, daily pivot point resistance.

XRP/USD 60-minute chart

• XRP/USD runs into near-term resistance up at the 8th February high area, acting supply zone.

XRP/USD daily chart

• Price action making a break out from daily range block and above the descending trend line.