Technical Analysis for XRPUSD for 15th March 2023
Ripple in a Bull Flag, Uptrend Valid Above $0.35
Past Performance of XRP
Ripple Technical Analysis
In the past few weeks, XRP remains under pressure. It is down 14% from January highs, with support at $0.35. With prices edging lower inside a bull flag, prices must soak any attempt for lower lows if the uptrend is to resume. As it is, traders can wait for confirmation of recent bull pressures above $0.40. If the surge is with expanding volumes, XRP may print higher in a buy trend continuing formation towards January high at $0.45.
What to Expect from XRP
The coin is within a descending channel, inside a bull flag. With defined limits, buyers will be in charge if prices are above $0.35. However, this could change should there be a contraction, confirming March 9 losses. In that case, XRP may drop to December 2022 lows.
Resistance level to watch: $0.40
Support level to watch: $0.35
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