• Ripple's XRP is trading within gains of over 2% into the second half of the session
  • XRP/USD produced a double top formation, bulls running into a minor near-term resistance, forced to give up some gains. 
  • there is a near-term supporting ascending trend line, providing some comfort near-term. 

 

XRP/USD 15-minute chart


 

 

Spot rate:                  0.3058

Relative change:      +2.35%

High:                         0.3129

Low:                          0.2982

 

 

Trend:                        Bearish

 

Support 1:                  0.3041, ascending trend line. 

Support 2:                  0.2929, daily pivot point support.

Support 3:                  0.2855, daily pivot point support.

Resistance 1:             0.3098, upper part of channel.

Resistance 2:             0.3193, daily pivot point resistance.

Resistance 3:             0.3267, daily pivot point resistance.

 

XRP/USD 4-hour chart

  • Price is somewhat support within an ascending channel formation, knocked back marginally after entering supply zone. 

 

 

XRP/USD daily chart

  • The daily view just shows how little the price has done over the past six sessions.

 


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