- Ripple's XRP is holding gains of some 3% in the session on Wednesday, as the price continues its bullish run.
- XRP/USD price is currently running at four sessions consecutive sessions of gains.
XRP/USD 15-minute chart
- Bulls are edging towards a breakout of this triangular/pennant pattern formation.
Spot rate: 0.3345
Relative change: +3.01%
High: 0.3372
Low: 0.3207
Trend: Neutral
Trends:
Daily SMA20: 0.306
Daily SMA50: 0.3232
Daily SMA100: 0.352
Daily SMA200: 0.38
Levels:
Previous Daily High: 0.3505
Previous Daily Low: 0.3222
Previous Weekly High: 0.3136
Previous Weekly Low: 0.2971
Previous Monthly High: 0.3906
Previous Monthly Low: 0.2833
Daily Fibonacci 38.2%: 0.3397
Daily Fibonacci 61.8%: 0.333
Daily Pivot Point S1: 0.3149
Daily Pivot Point S2: 0.3044
Daily Pivot Point S3: 0.2865
Daily Pivot Point R1: 0.3432
Daily Pivot Point R2: 0.3611
Daily Pivot Point R3: 0.3716
XRP/USD 60-minute chart
- Price action is narrowing within a triangular/pennant pattern formation.
XRP/USD daily chart
- There is much supply observed via the daily from $0.3500-0.3600 price range.
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