Ripple's XRP Technical Analysis: XRP/USD saved again after critical test of demand area.

  • Ripple's XRP price on Thursday trading up towards the latter part of the day, up over 1%.
  • XRP/USD vital area of demand sees buyers come in again preventing free-fall.

XRP/USD 15-minute chart

  • Clear range-trading observed via the 15-minute chart view, confined within.

Spot rate:               0.2931

Relative change:    +1.10%

High:                       0.2938

Low:                        0.2890

 

Trend:                      Bullish

 

Support 1:               0.2846, daily pivot point support.

Support 2:               0.2799, daily pivot point support.

Support 3:               0.2720, daily pivot point support.

Resistance 1:          0.2971, daily pivot point resistance.

Resistance 2:          0.3050, daily pivot point resistance.

Resistance 3:          0.3096, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • Price action has formed somewhat of a bearish flag pattern formation. 

XRP/USD daily chart

  • Price manages to find buyers again, thanks to important area of demand.  

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