Ripple’s XRP Technical Analysis: XRP/USD testing critical supporting trend line

• Ripple’s XRP price into the second half of Thursday is holding minor gains of 0.70%.
• XRP/USD daily price action is moving within an ascending channel formation.    

Spot rate:                0.3150

Relative change:     +0.70%

High:                        0.3179

Low:                         0.3101

Trend:                       Bearish

Trends:
       Daily SMA20:  0.3144
       Daily SMA50:  0.3161
       Daily SMA100:  0.338
       Daily SMA200:  0.3774
Levels:
       Previous Daily High:  0.3219
       Previous Daily Low:  0.3045
       Previous Weekly High:  0.3505
       Previous Weekly Low:  0.2982
       Previous Monthly High:  0.3906
       Previous Monthly Low:  0.2833
       Daily Fibonacci 38.2%:  0.3111
       Daily Fibonacci 61.8%:  0.3152
       Daily Pivot Point S1:  0.3049
       Daily Pivot Point S2:  0.2959
       Daily Pivot Point S3:  0.2874
       Daily Pivot Point R1:  0.3223
       Daily Pivot Point R2:  0.3309
       Daily Pivot Point R3:  0.3398

XRP/USD 60-minute chart

• Near-term ascending trend line providing support to the price, preventing further downside pressure.  

XRP/USD daily chart

• Price action moving within an ascending channel formation, very much narrowing.