Ripple's XRP Technical Analysis: XRP/USD bulls must capitalize on given opportunities or be punished


  • Ripple's XRP price into the second half on Wednesday is nursing very minor losses of some 0.45%.
  • XRP/USD has recently broken out and retested a bullish flag pattern, subject to further potential upside. 

 

Spot rate:               0.3174

Relative change:    -0.45%

High:                       0.3219

Low:                        0.3135

 

Trend:                      Neutral/Bullish

 

Trends:
    Daily SMA20: 0.3133
    Daily SMA50: 0.3172
    Daily SMA100: 0.34
    Daily SMA200: 0.3775
Levels:
    Previous Daily High: 0.3376
    Previous Daily Low: 0.3166
    Previous Weekly High: 0.3505
    Previous Weekly Low: 0.2982
    Previous Monthly High: 0.3906
    Previous Monthly Low: 0.2833
    Daily Fibonacci 38.2%: 0.3247
    Daily Fibonacci 61.8%: 0.3296
    Daily Pivot Point S1: 0.3116
    Daily Pivot Point S2: 0.3036
    Daily Pivot Point S3: 0.2906
    Daily Pivot Point R1: 0.3325
    Daily Pivot Point R2: 0.3455

    Daily Pivot Point R3: 0.3535

 

XRP/USD 60-minute chart

  • A near-term ascending trend line is protecting the price from a drop south for now. 

 

XRP/USD daily chart

  • Price action has broken out and retested a bull flag pattern formation seen via the daily chart view. 

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