Ripple's XRP Technical Analysis: XRP/USD cools from session highs, a blessing in disguise
|- Ripple's XRP price was holding healthy gains in the latter stages of trading on Monday.
- XRP/USD price action has cooled from the session highs, entering consolidation mode.
- Given the current behavior as detailed above, a bullish flag pattern has formed.
- An easing from the session highs came, coinciding with the price having been in overbought territory, via the RSI.
XRP/USD 30-minute chart
Spot rate: 0.5237
Relative change: +3.39%
High: 0.5312
Low: 0.5025
Trend: Bullish
Resistance 1: 0.5261, upper part of bull flag.
Resistance 2: 0.5430, high area 7-8 November.
Resistance 3: 0.5540, 6 November high.
Support 1: 0.5183, lower part of bull flag.
Support 2: 0.5100, 50MA & 100MAs (30-minute).
Support 3: 0.5000, psychological support.
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