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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.
Ripple Technical Analysis: XRP/USD range resistance must come down
John IsigeJohn IsigeFXStreet

Spot rate: $0.2236

Relative change: -0.001911

Percentage change: -0.85%

Trend: Bullish

Volatility: Shrinking

XRP/USD daily chart

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

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

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.

XRP/USD

Overview
Today last price0.2236
Today Daily Change-0.0020
Today Daily Change %-0.89
Today daily open0.2256
 
Trends
Daily SMA200.2435
Daily SMA500.2715
Daily SMA1000.2673
Daily SMA2000.3181
 
Levels
Previous Daily High0.2263
Previous Daily Low0.2193
Previous Weekly High0.2356
Previous Weekly Low0.2015
Previous Monthly High0.3149
Previous Monthly Low0.2015
Daily Fibonacci 38.2%0.222
Daily Fibonacci 61.8%0.2236
Daily Pivot Point S10.2212
Daily Pivot Point S20.2168
Daily Pivot Point S30.2142
Daily Pivot Point R10.2282
Daily Pivot Point R20.2307
Daily Pivot Point R30.2351

Author

John Isige

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

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