Home Ripple’s XRP Technical Analysis: XRP/USD must break down 0.3700 – 0.3800 for strong buying wave
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Ripple’s XRP Technical Analysis: XRP/USD must break down 0.3700 – 0.3800 for strong buying wave

  • Ripple’s XRP price in the second half of Monday’s session is trading firmly in the red, down some 2.95%.
  • Bulls run out of momentum, after a decent surge higher the past week across the market.  
  • There is a big barrier from $0.3700-0.3800 price range, the bulls must break for greater upside.  

 

Spot rate:                  0.3551

Relative change:       -2.95%

High:                         0.3715    

Low:                          0.3488

 

Trend:                        Bearish

XRP/USD 60-minute chart

  • The loss of upside momentum can be observed via the 4-hour.  Near-term  ascending trend line is supporting the price and preventing a complete reversal of recent run higher.  

XRP/USD daily chart

  • Upside capped by supply running from $0.3700-0.3800 price range, bulls must break this down for greater upside.  

 

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