Ripple Technical Analysis: XRP/USD range resistance must come down
- Ripple lock-step trading stuck in a narrowing range between $0.2192 and $0.3085.
- XRP nurtures a weak bullish bias in the short term even as the year comes to an end.
Spot rate: $0.2236
Relative change: -0.001911
Percentage change: -0.85%
Trend: Bullish
Volatility: Shrinking
XRP/USD daily chart
 (46)-637108582648164318.png)
Ripple price defends $0.20 support, averting the risk of dropping into the $1.0 range.
The range resistance will have to come down for Santa’s early Christmas gift targeting $0.50.
XRP/USD 4-hour chart
 (45)-637108582216124423.png)
Ripple defends falling channel support, but the channel resistance is a hard nut to crack.
Correction above the channel resistance could give Ripple a push above $0.24 and $0.26, respectively.
XRP/USD 2-hour chart
 (47)-637108581773146340.png)
The rising wedge pattern hints at an impending breakdown.
In the short term, XRP has a weak bullish bias based on the up-trending RSI.
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
