Ripple's XRP technical analysis: XRP/USD near-term price breakout from bullish pennant


  • Ripple's XRP on Wednesday is trading marginally in the green, gains of some 0.50%. 
  • XRP/USD near-term price action catches some bullish momentum, breaking out from pennant structure. 
  • Daily price action is stuck within a narrowing pennant structure.

 

Spot rate:                 0.3206

Relative change:      +0.50%

High:                         0.3235     

Low:                          0.3172

XRP/USD

Overview
Today last price 0.3208
Today Daily Change 0.0024
Today Daily Change % 0.75
Today daily open 0.3184
 
Trends
Daily SMA20 0.318
Daily SMA50 0.378
Daily SMA100 0.3713
Daily SMA200 0.3452
Levels
Previous Daily High 0.3216
Previous Daily Low 0.3063
Previous Weekly High 0.3354
Previous Weekly Low 0.3027
Previous Monthly High 0.5074
Previous Monthly Low 0.3704
Daily Fibonacci 38.2% 0.3158
Daily Fibonacci 61.8% 0.3121
Daily Pivot Point S1 0.3093
Daily Pivot Point S2 0.3001
Daily Pivot Point S3 0.2939
Daily Pivot Point R1 0.3246
Daily Pivot Point R2 0.3308
Daily Pivot Point R3 0.3399

 

XRP/USD 60-minute chart

  • Price action via the 60-minute chart view is smashing out from a bullish pennant structure. 

 

XRP/USD daily chart

  • A daily pennant structure continues to contain the price action, subject to an imminent breakout. 

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