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Ripple’s XRP technical analysis: XRP/USD consolidation awaits an explosive breakout

  • Ripple’s XRP failed breakout over the weekend extended the bearish action on Monday.
  • After defending the support at the main trendline and $0.2560, the buyers are keen on pushing for a reversal above $0.26 (short-term resistance).
Ripple’s XRP technical analysis: XRP/USD consolidation awaits an explosive breakout
John IsigeJohn IsigeFXStreet

XRP/USD daily chart

XRP is sliding towards a massive breakout as technical levels align.

The minding falling wedge pattern breakout could launch the cryptoasset in a trajectory above $3.0.

XRP/USD 4-hour chart

XRP must clear the descending trendline resistance for a breakout above the critical $0.28 and $0.33 barriers.

Glancing lower, XRP/USD is strongly protected in the zone between $0.24 and $0.2450.

XRP/USD 1-hour chart

The 100 Simple Moving Average double-cross above the 200 SMA at $0.2574 suggests that XRP will consolidate at a higher level in the coming sessions.

An intermediate trendline break extended the bearish action on Monday but the main trendline is working as a bounce wall for the ongoing reversal.

XRP/USD

Overview
Today last price0.2587
Today Daily Change-0.0039
Today Daily Change %-1.49
Today daily open0.2626
 
Trends
Daily SMA200.2634
Daily SMA500.2876
Daily SMA1000.3425
Daily SMA2000.3387
Levels
Previous Daily High0.2665
Previous Daily Low0.2564
Previous Weekly High0.2671
Previous Weekly Low0.2473
Previous Monthly High0.6047
Previous Monthly Low0.376
Daily Fibonacci 38.2%0.2626
Daily Fibonacci 61.8%0.2603
Daily Pivot Point S10.2572
Daily Pivot Point S20.2517
Daily Pivot Point S30.247
Daily Pivot Point R10.2673
Daily Pivot Point R20.272
Daily Pivot Point R30.2774

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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