Ripple's XRP Technical Analysis: XRP / USD big bag bull breakout eyed

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  • Ripple's XRP is seen trading with a minor gain on a 0.4% price tag, but a price action gearing closer to a breakout.
  • XRP / USD price is narrowing within a pennant structure pattern.

XRP / USD 15-minute chart

  • Price action is supported to the upside.

Spot rate: 0.3753

Relative change: + 0.45%

High: 0.3778

Low: 0.3665

Trend: Neutral

Support 1: 0.3615, daily pivot point support.

Support 2: 0.3559, daily pivot point support.

Support 3: 0.3491, daily pivot point support.

Resistance 1: 0.3738, daily pivot point resistance.

Resistance 2: 0.3806, daily pivot point resistance.

Resistance 3: 0.3861, daily pivot point resistance.

XRP / USD 4-hour chart

  • Acting as resistance, tracking just above $ 0.3800.

XRP / USD daily chart

  • Price is further narrowing within the borders of a pennant pattern.

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