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  • Ripple’s XRP price is trading up in minor negative territory in the second half of the session on Monday.
  • XRP/USD is heading for a retest of a breached triangular structure, support tracking at $0.3130.
  • A failure of the above-noted support holding could see a fast drop down towards $0.3000.  

Spot rate:                  0.3163

Relative change:       -0.50%

High:                         0.3222

Low:                          0.3143

       Daily SMA20:  0.3154
       Daily SMA50:  0.3118
       Daily SMA100:  0.3258
       Daily SMA200:  0.3773
       Previous Daily High:  0.3213
       Previous Daily Low:  0.3166
       Previous Weekly High:  0.3268
       Previous Weekly Low:  0.3001
       Previous Monthly High:  0.3505
       Previous Monthly Low:  0.2879
       Daily Fibonacci 38.2%:  0.3184
       Daily Fibonacci 61.8%:  0.3195
       Daily Pivot Point S1:  0.316
       Daily Pivot Point S2:  0.3139
       Daily Pivot Point S3:  0.3112
       Daily Pivot Point R1:  0.3207
       Daily Pivot Point R2:  0.3234
       Daily Pivot Point R3:  0.3254

XRP/USD 60-minute chart

  • Price action was moving within ascending wedge pattern formation, however, the bears recently forced a breakout.

XRP/USD daily chart

  • Price action heading for a retest of the breached triangular structure.  
  • XRP/USD could very much be playing to the textbook, with the breakout a retest.