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XRP / USD is testing a & # 39; fundamental support area

  • Friday's Ripple price is trading in positive marginal territory, with gains of just 0.40% lower.
  • XRP / USD that move inside a block formation of blocks, as seen on the market with some of its peers.

15-minute XRP / USD chart

  • As can be clearly highlighted in the 15 minute view, an uphill channel formation. If displayed on the 60-minute chart, it appears to be a bearish flag.

Spot rate: 0.3905

Relative change: + 0.38%

High: 0.3403

Low: 0.3281

Trend: bearish

Support 1: 0.3064, daily support of the articulation point.

Support 2: 0.2803, daily support of the articulation point.

Support 3: 0.2382, daily support of the articulation point.

Resistance 1: 0.3746, resistance of the daily articulation point.

Resistance 2: 0.4167, resistance of the daily articulation point.

Resistance 3: 0.4428, resistance of the daily articulation point.

XRP / USD 60-minute chart

  • The XRP / USD seems to have modeled a bearish flag formation, subject to a longer break.

Daily XRP / USD chart

  • Price action is testing the underside of a critical daily range blocking formation.

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