Ripple (XRP/USD) Technical Analysis: Dangerous Daily Doji
|- Ripple price under-performed on Thursday, down over 4% in the latter stages of the session.
- XRP/USD fell from a rising wedge pattern, which invited some sellers.
- Daily time frame sees a dangerous doji having formed at the previous session close.
- Bears extend move to the downside, following the bearish doji candlestick.
XRP/USD daily chart
Spot rate: 0.45872
Relative change: -4.20%
High: 0.49021
Low: 106.540
Trend: Bearish
Support 1: 0.45450, daily support.
Support 2: 0.40290, 14-15 October low area.
Support 3: 0.38150, demand zone.
Resistance 1: 0.48840, resistance on daily.
Resistance 2: 0.50000, psychological resistance.
Resistance 3: 0.50800, long upper wick high 15 October.
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