Home / Ripple / XRP / USD moving within a bullish line formation set for a potential explosive breakout

XRP / USD moving within a bullish line formation set for a potential explosive breakout

  • Ripple's XRP earnings have increased 17% on Monday, as prices crack a massive resistance at $ 0.4000.
  • The XRP / USD price action moves within a bullish pennant formation, subject to an upside break.

15-minute XRP / USD chart

  • The price action supported by a rising short-term trend line, the explosive moves are still under the eyes.

Spot rate: 0.4357

Relative change: + 16.41%

High: 0.4607

Low: 0.4230

Trend: bullish

Resistance 1: 0.4450, top of the pennant pattern.

Resistance 2: 0.4550, 60 minutes resistance.

Resistance 3: 0.4607, maximum of Monday's session.

Support 1: 0.3641, short-term uptrend trend line.

Support 2: 0.3525, daily support of the articulation point.

Support 3: 0.3400, daily support of the articulation point.

XRP / USD 60-minute chart

  • The price moves inside a block formation, subject to an upward break.

XRP / USD 4 hour chart

  • Short-term supply area surrounding about $ 0.43-0.46, recovery barrier $ 0.50.

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