XRP / USD: the double maximum of the bulls to yield some gains

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  • Ripple's XRP traded for gains of over 2% in the second half of the session
  • The XRP / USD produced a double superior education, the bulls ran into less resistance in the short term, forced to give up some gains.
  • there is a short-term upward trend line that provides some short-term comfort.

15-minute XRP / USD chart

Spot rate: 0.3058

Relative change: + 2.35%

High: 0.3129

Low: 0.2982

Trend: bearish

Support 1: 0.3041, growing trend line.

Support 2: 0.2929, daily support of the articulation point.

Support 3: 0.2855, daily support of the articulation point.

Resistance 1: 0.3098, upper part of the channel.

Resistance 2: 0.3193, resistance at the daily articulation point.

Resistance 3: 0.3267, resistance at the daily articulation point.

XRP / USD 4 hour chart

  • The price is a bit of support within an uphill channel formation, cut down marginally after entering the refueling area.

Daily XRP / USD chart

  • The daily view shows just how little has been done in the last six sessions.

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