Ripple's XRP Technical Analysis: XRP/USD no signs of the bulls waking up just yet

  • Ripple's XRP price was trading in minor positive territory on Wednesday, gains of just some 0.3%.
  •  XRP/USD is moving within a narrow range across most time frame views, breakout imminent. 

XRP/USD 15-minute chart

  • Price moving within narrow short-term range-block formation, via 15-minute. 

 

Spot rate:                  0.3711

Relative change:      +0.35%

High:                         0.3741

Low:                          0.3686

 

Trend:                        Neutral

 

Support 1:                  0.3629, daily pivot point support.

Support 2:                  0.3553, daily pivot point support.

Support 3:                  0.3492, daily pivot point support.

Resistance 1:             0.3766, daily pivot point resistance.

Resistance 2:             0.3827, daily pivot point resistance.

Resistance 3:             0.3903, daily pivot point resistance.

 

XRP/USD 4-hour chart

  • Further confirmation of price action narrowing, via the 4-hour chart view.

XRP/USD daily chart

  • A very mundane trading range, the past 14 sessions, a lack of movement has been displayed. 

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