Ripple's XRP Technical Analysis: XRP/USD slips out from rising wedge, retest eyed

  • XRP was trading down over 4% in the latter part of Friday's session.
  • XRP/USD price broke out to the downside from a rising wedge pattern.
  • The weekend will be key was to whether XRP/USD can close up for the week in positive territory. 

XRP/USD 4-hour chart

 
 

Spot rate:                  0.3648

Relative change:      -4.15%

High:                         0.3830

Low:                          0.3538

 

Trend:                        Bearish

 

Support 1:                  0.3587, daily pivot point support.

Support 2:                  0.3461, daily pivot point support.

Support 3:                  0.3237, 25 November low.

Resistance 1:             0.3800, underneath breached wedge.

Resistance 2:             0.3938, daily pivot point resistance.

Resistance 3:             0.4065, daily pivot point resistance.

 

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