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Ripple XRP Technical Analysis: XRP / USD at risk of inversion of the last bull run

  • Thursday's XRP price is weighted downwards, trading in negative territory by 3.5%.
  • The XRP / USD price action is in an extremely restrictive range, which suggests further vulnerabilities.

15-minute XRP / USD chart

  • Price action is shrinking considerably, indicating a further potential danger, within a short-term timeframe.

Spot rate: 29.90

Relative change: -3.22%

High: 32.25

Low: 29.78

Trend: bearish

Support 1: 0.3636, daily support of the articulation point.

Support 2: 0.3447, daily support of the articulation point.

Support 3: 0.3275, daily support of the articulation point.

Resistance 1: 0.3998, resistance of the daily articulation point.

Resistance 2: 0.4171, resistance to the daily rotation point.

Resistance 3: 0.4360, resistance to the daily rotation point.

XRP / USD 60-minute chart

  • The price is supported in the short term by an almost horizontal trend line, which is gradually tested by the bears, subject to a violation.

Daily XRP / USD chart

  • The candelabrum on December 24th produced a long upper wick, a quick inversion of the initial side, demonstrating the quality of the downside.

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