Ripple's XRP Technical Analysis: XRP/USD range-block of death eyed again
|- Ripple's XRP price on Monday is trading in the red, down with losses of some 0.75%.
- XRP/USD back moving within a recently formed daily range formation. This narrowing has been over the past four sessions.
XRP/USD 15-minute chart
- Near-term price action moving within an ascending channel formation structure.
Spot rate: 0.3007
Relative change: -0.75%
High: 0.3059
Low: 0.3000
Trend: Bearish
Support 1: 0.2960, daily pivot point support.
Support 2: 0.2892, daily pivot point support.
Support 3: 0.2804, daily pivot point support.
Resistance 1: 0.3115, daily pivot point resistance.
Resistance 2: 0.3203, daily pivot point resistance.
Resistance 3: 0.3270, daily pivot point resistance.
XRP/USD 60-minute chart
- Price action forced to trade within the confinements of the block formation.
XRP/USD daily chart
- XRP/USD has been summoned back to move within a narrowing range-block.
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