Ripple technical analysis: XRP/USD delays symmetrical triangle breakout
|- Ripple is exchanging hands at the apex of a symmetrical triangle as a breakout beckons.
- Ripple’s technical levels stay defiantly positive even as retracement is witnessed across the board.
Spot rate: $0.2989
Relative change: 0.004038
Percentage change: 1.31%
Trend: Bullish
Volatility: Low
Support: $0.28, $0.24 and $0.22
Resistance: $0.32, $0.32 - $0.33.
XRP/USD daily chart
Ripple mains a high low pattern since the plunge on September 24.
The Relative Strength Index (RSI) shows that the bulls are generally in control despite the up and down movements witnessed this week.
XRP/USD 240’ chart
The price grinds higher within a sing channel; channel support and resistance have been tested numerously.
Ripple bounces off the channel support as all eyes focus on the levels above $0.30.
XRP/USD 60’ chart
Ripple bulls have no choice but to break above the supply zone at $0.32 - $0.32 to unlock their bullish mantra.
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