Home Ripple Ripple’s XRP technical analysis: XRP/USD must break down heavy supply $0.3200-0.3400 for greater gains – FXStreet

Ripple’s XRP technical analysis: XRP/USD must break down heavy supply $0.3200-0.3400 for greater gains – FXStreet

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  • Ripple’s XRP price in the second half of the session on Monday is holding gains of some 1.90%.
  • XRP/USD has further room to push north, after edging out from pennant pattern. 
  • There is a chunky range of supply running from $0.3200-0.3400 price range. 

Spot rate:                 0.3249

Relative change:      +7.50%

High:                         0.3308

Low:                          0.3192

XRP/USD 60-minute chart

  • Price action via the 60-minute smashed out from a bullish pennant structure, set for a retest. 

XRP/USD daily chart

  • Bulls looking for further run higher following escape from narrowing bearish pennant set up. 

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