Home / Ripple / Ripple Technical Analysis: XRP / USD bulls have a big mission ahead of them, since the downtrend channel remains respected

Ripple Technical Analysis: XRP / USD bulls have a big mission ahead of them, since the downtrend channel remains respected

  • On Monday, the price of the ripple was reduced by a slight 0.7%, as the bulls continue to not exceed the downtrend.
  • The XRP / USD price action is moving within a descending channel model, the upper trend line has been tested but has not yet been resolved.

60-minute XRP / USD chart

Spot frequency: 0.27896

Relative change: -0.73%

High: 0.28355

Low: 0.27700

[19659005] Trend: Bearish

Support 1: 0.27400, 50MA (4 hours).

Support 2: 0.26800, support on 4-hour chart.

Support 3: 0.25500, heavy demand area.

Resistance 1: 0.28200, resistance, upper descending trend line.

Resistance 2: 0.28600, resistance on the 4 hour chart.

Resistance 3: 0.29380, 100MA (4 hours)

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