Ripple's XRP Technical Analysis: XRP/USD failure to breach firmly above $0.4000 could see gains completely reversed

  • Ripple's XRP was seen holding decent gains in the latter stages of Wednesday, up just shy of 8%.
  • XRP/USD must breakdown $0.4000 region for greater upside, otherwise the price could be sent back south. 
  • Price produces a double top area, sees XRP/USD eases off the session high.

 

XRP/USD 4-hour chart

 
 

Spot rate:                  0.3912

Relative change:      +8.02%

High:                         0.3635

Low:                          0.3629

 

Trend:                        Bullish

 

Resistance 1:             0.3950, double top area.

Resistance 2:             0.4000, psychological resistance. 

Resistance 3:             0.4082, daily pivot point resistance. 

Support 1:                  0.3457, daily pivot point support.

Support 2:                  0.3286, daily pivot point support.

Support 3:                  0.3145, daily pivot point support.

 

 

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