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  • XRP was trading down marginally by some 0.6% in the early part of Monday.
  • XRP/USD had staged a decent rebound on Sunday, with the surge higher.  
  • Price action formed a bullish reversal doji candlestick on the daily, bulls must capitalize.  
  • On Sunday, XRP/USD managed to stay above the 11-12 October low area, which was seen a key near-term support.  

 

XRP/USD daily chart  

 
 

Spot rate:                   0.3763

Relative change:       -0.65%

High:                          0.3929

Low:                           0.3680

 

Trend:                         Bearish/Neutral

 

Support 1:                   0.3375, daily pivot point support.

Support 2:                   0.3271, 25 November low.  

Support 3:                    0.2964,  daily pivot point support.

Resistance 1:              0.4000, psychological resistance.  

Resistance  2:              0.4059,  daily pivot point resistance.

Resistance  3:              0.4333,  daily pivot point resistance.

 

XRP/USD 60-minute chart

  • Bullish pennant formation is being eyed via the 60-minute chart view, subject to an extended move higher.