Ripple's XRP Technical Analysis: XRP/USD here come the bears, a wave could be coming

  • Ripple's XRP price on Wednesday trading in the red, down some 2.5% in the second half of the session. 
  • XRP/USD broken key ascending trend line of support, leaving door open to further pressure. 

XRP/USD 15-minute chart

  • Buyers remain active within the $0.2900-0.2800 price range, as seen with latest pop higher in near-term demand area. 

Spot rate:                0.2915

Relative change:    -2.60%

High:                       0.3003

Low:                        0.2876


Trend:                      Bearish


Support 1:               0.2961, daily pivot point support.

Support 2:               0.2930, daily pivot point support.

Support 3:               0.2897, daily pivot point support.

Resistance 1:          0.3026, daily pivot point resistance.

Resistance 2:          0.3059, daily pivot point resistance.

Resistance 3:          0.3091, daily pivot point resistance.


XRP/USD 60-minute chart

  • Near-term range-block/consolidation observed after recent drop south.

XRP/USD daily chart

  • Price slipped out from a daily rising ascending trend line of support. 

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