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- The Ripple XRP was seen recording decent earnings in the first part of Tuesday, accounting for around 2.5%.
- The XRP / USD jumped higher in early trading thanks to a Bitcoin-driven move. This seems to be due to the renewed optimism of the market, after the announcement of the Nasdaq, to list the futures on Bitcoin the next year.
- The price action from the time of the jump in the early hours, has formed a bullish flag pattern, subject to a breakout. As seen through the 30 minute chart view.
XRP / USD 30-minute chart
Spot rate: 0.3564
Relative change: -2.55%
High: 0.3602
Low: 0.3375
Trend: bullish
Resistance 1: 0.3632, resistance to the daily articulation point.
Resistance 2: 0.3796, resistance at the daily articulation point.
Resistance 3: 0.3893, resistance at the daily articulation point.
Support 1: 0.3560, on top of the bull's flag.
Support 2: 0.3371, daily support of the articulation point.
Support 3: 0.3275, daily support of the articulation point.
Daily XRP / USD chart
- Price action has moved to a lower double area on the newspaper. Chunky demand area seen from $ 0.3500 to $ 0.3200.
