- Ripple’s XRP Price on Tuesday is trading broadly flat, but nearing an explosive breakout.
- XRP/USD price action via the daily time frame is moving in a narrowing nature within a triangular structure.
- Given the persistent failure to sustain any upside momentum, it does appear the bears could very much look at capitalizing soon.
Spot rate: 0.3120
Relative change: -0.03%
High: 0.3131
Low: 0.3075
Trends:
Daily SMA20: 0.3179
Daily SMA50: 0.3119
Daily SMA100: 0.3277
Daily SMA200: 0.3777
Levels:
Previous Daily High: 0.316
Previous Daily Low: 0.3091
Previous Weekly High: 0.3236
Previous Weekly Low: 0.3011
Previous Monthly High: 0.3505
Previous Monthly Low: 0.2879
Daily Fibonacci 38.2%: 0.3118
Daily Fibonacci 61.8%: 0.3134
Daily Pivot Point S1: 0.3089
Daily Pivot Point S2: 0.3055
Daily Pivot Point S3: 0.3019
Daily Pivot Point R1: 0.3158
Daily Pivot Point R2: 0.3194
Daily Pivot Point R3: 0.3227
XRP/USD 60-minute chart
- Price struggling to breakdown near-term supply area around $0.3130 region.
XRP/USD daily chart
- Price remains within the confinements of a triangular pattern structure, nearing a breakout.
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