Ripple technical analysis: XRP/USD delays symmetrical triangle breakout

Ripple is exchanging hands at the apex of a symmetrical triangle as a breakout beckons.
Ripple’s technical levels stay defiantly positive even as retracement is witnessed across the board.

Spot rate: $0.2989

Relative change: 0.004038

Percentage change: 1.31%

Trend: Bullish

Volatility: Low

Support: $0.28, $0.24 and $0.22

Resistance: $0.32, $0.32 - $0.33.

XRP/USD daily chart

Ripple mains a high low pattern since the plunge on September 24.

The Relative Strength Index (RSI) shows that the bulls are generally in control despite the up and down movements witnessed this week.

XRP/USD 240’ chart

The price grinds higher within a sing channel; channel support and resistance have been tested numerously.

Ripple bounces off the channel support as all eyes focus on the levels above $0.30.

XRP/USD 60’ chart

Ripple bulls have no choice but to break above the supply zone at $0.32 - $0.32 to unlock their bullish mantra.

XRP/USD

Overview
Today last price	0.2973
Today Daily Change	0.0027
Today Daily Change %	0.92
Today daily open	0.2946

Trends
Daily SMA20	0.2674
Daily SMA50	0.2651
Daily SMA100	0.2835
Daily SMA200	0.3293

Levels
Previous Daily High	0.3024
Previous Daily Low	0.285
Previous Weekly High	0.3041
Previous Weekly Low	0.2718
Previous Monthly High	0.327
Previous Monthly Low	0.2168
Daily Fibonacci 38.2%	0.2916
Daily Fibonacci 61.8%	0.2957
Daily Pivot Point S1	0.2856
Daily Pivot Point S2	0.2765
Daily Pivot Point S3	0.2681
Daily Pivot Point R1	0.303
Daily Pivot Point R2	0.3114
Daily Pivot Point R3	0.3205

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