fxs_header_sponsor_anchor

Ripple's XRP Technical Analysis: XRP/USD troubling triangular structure

  • Ripple's XRP price in the second part of the session on Thursday is trading in minor negative territory, down 0.30%. 
  • XRP/USD price action is daily narrowing triangular structure, subject to a breakout. It will likely be trend-defining, once a breach is seen. 
  • The big psychological $0.3000 remains at large risk to a firm breach to the downside. 

 

Spot rate:                 0.3039

Relative change:     -0.30%

High:                        0.3089

Low:                         0.3037

XRP/USD 60-minute chart

  • Near-term ascending channel structure eyed via the 60-minute, which remains vulnerable to downside risks. 

XRP/USD daily chart

  • Price action is narrowing greatly within a triangular structure, subject to a near-term breakout. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.