• Ripple's XRP trading marginally down in negative territory on Friday by 0.60%. 
  • XRP/USD is moving within a range of $0.39-0.33 since 28th December. 
  • The key for greater upside is the bulls breaking above $0.4000, which as it stands with current momentum, may not be seen for a while. 

XRP/USD 15-minute chart

  • The price broke out to the downside from a rising wedge pattern formation. 

Spot rate:                  0.3587

Relative change:      -0.60%

High:                         0.3671

Low:                          0.3574

 

Trend:                        Bearish/Neutral 

 

Support 1:                  0.3490, daily pivot point support.

Support 2:                  0.3372, daily pivot point support.

Support 3:                  0.3216, daily pivot point support.

Resistance 1:             0.3764, daily pivot point resistance.

Resistance 2:             0.3920, daily pivot point resistance.

Resistance 3:             0.4038, daily pivot point resistance.

 

XRP/USD 60-minute chart 

  • Range can be seen a high tops at $0.3900 with the low at $0.3300, sine 28th December.

XRP/USD daily chart

  • Price action like a number of its peers is confined within a range-block formation. 


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