Ripple's XRP Technical Analysis: XRP/USD big $0.3000 under threat
|- Ripple's XRP price on Friday is seen holding minor gains of some 0.25%, towards the latter part of the session.
- XRP/USD sees the psychological $0.3000 remaining protected for now but still at danger, as price moves within narrowing triangular structure.
XRP/USD 15-minute chart
- Price action is set to retest key near-term demand zone, just above the $0.3000 mark.
Spot rate: 0.3019
Relative change: +0.25%
High: 0.3069
Low: 0.3020
Trend: Neutral
Support 1: 0.2995, daily pivot point support.
Support 2: 0.2975, daily pivot point support.
Support 3: 0.2938, daily pivot point support.
Resistance 1: 0.3051, daily pivot point resistance.
Resistance 2: 0.3088, daily pivot point resistance.
Resistance 3: 0.3107, daily pivot point resistance.
XRP/USD 60-minute chart
- Price moving within range-block formation, subject to an imminent breakout, given the narrowing.
XRP/USD daily chart
- Price action is narrowing within triangular/pennant pattern structure.
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