XRP/USD is a sitting duck with lack of major support until back towards $0.30-0.20 region.

Fibo Quantum

  • Ripple’s XRP is holding minor gains of around 1% into the second half of the session on Friday.
  • XRP/USD via the near-term view has moved back towards and flirting with an ascending trend line, which formed at the start of 16th December bull run. 

XRP/USD 15-minute chart

  • Price action was moving within an ascending channel formation and has recently seen a breach by the market bears.

 

Spot rate:                  0.3461

Relative change:      +1.33%

High:                         0.3546

Low:                          0.3373

 

 

 

Trend:                        Neutral

 

Support 1:                  0.3220, daily pivot point support.

Support 2:                  0.3023, daily pivot point support.

Support 3:                  0.2711, daily pivot point support.

Resistance 1:             0.3728, daily pivot point resistance.

Resistance 2:             0.4040, daily pivot point resistance.

Resistance 3:             0.4236, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • Price action is back in play with an ascending trend line, which formed at the start of the 16th December uptrend. 

XRP/USD daily chart

  • Next major support area is still some way south, seen down at the range of $0.3000-0.2500.