- 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).
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.
|Today last price||0.2587|
|Today Daily Change||-0.0039|
|Today Daily Change %||-1.49|
|Today daily open||0.2626|
|Previous Daily High||0.2665|
|Previous Daily Low||0.2564|
|Previous Weekly High||0.2671|
|Previous Weekly Low||0.2473|
|Previous Monthly High||0.6047|
|Previous Monthly Low||0.376|
|Daily Fibonacci 38.2%||0.2626|
|Daily Fibonacci 61.8%||0.2603|
|Daily Pivot Point S1||0.2572|
|Daily Pivot Point S2||0.2517|
|Daily Pivot Point S3||0.247|
|Daily Pivot Point R1||0.2673|
|Daily Pivot Point R2||0.272|
|Daily Pivot Point R3||0.2774|
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