Ripple's XRP Technical Analysis: XRP/USD big chunky barrier in the way $0.3400-0.3500
|- Ripple's XRP is holding gains of some 3% in the session on Wednesday, as the price continues its bullish run.
- XRP/USD price is currently running at four sessions consecutive sessions of gains.
XRP/USD 15-minute chart
- Bulls are edging towards a breakout of this triangular/pennant pattern formation.
Spot rate: 0.3345
Relative change: +3.01%
High: 0.3372
Low: 0.3207
Trend: Neutral
Trends:
Daily SMA20: 0.306
Daily SMA50: 0.3232
Daily SMA100: 0.352
Daily SMA200: 0.38
Levels:
Previous Daily High: 0.3505
Previous Daily Low: 0.3222
Previous Weekly High: 0.3136
Previous Weekly Low: 0.2971
Previous Monthly High: 0.3906
Previous Monthly Low: 0.2833
Daily Fibonacci 38.2%: 0.3397
Daily Fibonacci 61.8%: 0.333
Daily Pivot Point S1: 0.3149
Daily Pivot Point S2: 0.3044
Daily Pivot Point S3: 0.2865
Daily Pivot Point R1: 0.3432
Daily Pivot Point R2: 0.3611
Daily Pivot Point R3: 0.3716
XRP/USD 60-minute chart
- Price action is narrowing within a triangular/pennant pattern formation.
XRP/USD daily chart
- There is much supply observed via the daily from $0.3500-0.3600 price range.
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.