Ken Chigbo
Independent Analyst
- XRP price on Thursday trading marginally in the green, by just 0.45%, as bulls continues to search for gains.
- XRP/USD price broke out to the upside, above a descending trend line acting as resistance.
- Price action is moving within a range-block, subject to anther extended move higher.
XRP/USD 15-minute chart
Spot rate: 3708.53
Relative change: +0.45%
High: 0.3445
Low: 0.3283
Trend: Bearish
Support 1: 0.3349, above breached descending trend line.
Support 2: 0.3305, daily pivot point support.
Support 3: 0.3244, daily pivot point support.
Resistance 1: 0.3430, upper part of current range block.
Resistance 2: 0.3479, daily pivot point resistance.
Resistance 3: 0.3591, daily pivot point resistance.
XRP/USD daily chart
- XRP has been nursing losses for the past four consecutive sessions now, lack of reversal sign. Recent highlighted bottom area protecting from further downside.
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