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- Monday's Ripple XRP price drops to the downside with losses of less than 1.3% in the second half of the day.
- The XRP / USD has the potential for a big upside breakout, given the technical training observed.
15-minute XRP / USD chart
- After being shot from an upward range block, the price was forced back south, through the 15 minute chart display.
Spot rate: 0.3718
Relative change: -1.32%
High: 0.3860
Low: 0.3708
Trend: Bearish / Neutral
Support 1: 0.3623, daily support of the articulation point.
Support 2: 0.3581, daily support of the articulation point.
Support 3: 0.3542, daily support of the articulation point.
Resistance 1: 0.3705, resistance at the daily articulation point.
Resistance 2: 0.3744, resistance at the daily articulation point.
Resistance 3: 0.3787, resistance at the daily articulation point.
XRP / USD 4 hour chart
- Price action is shrinking within this triangular structure, subject to an imminent breach.
Daily XRP / USD chart
- The daily chart view shows the uptrend pennant model set up, which if broken, could see a strong surge in buying pressure.
