XRP Technical Analysis: Bullish Trends Expected for the Next 24 Hours

Key technical points: XRP technical analysis is slightly bullish. XRP/USD pair found support at $0.2975. The closest resistance is at $0.4315. Past Performance of XRP In the last 24 hours, XRP has been on a slight uptrend. After opening at $0.3097, the digital asset reached a high of $0.3159 and is currently trading close to that level. The cryptocurrency found support at $0.2975, which helped it avoid further losses. Looking at the 4-hour chart, we can see that the XRP/USD pair has formed a descending channel. The digital asset is currently trading near the bottom of the channel. If it breaks out of the channel, it can increase to $0.4315. On the other hand, if XRP fails to break out of the channel, it might find support at $0.2900. XRP is currently trading at $0.3139 and is up by 1.09% in the last 24 hours. The immediate resistance for the XRP/USD pair is at $0.4129, which is the top end of the flag pattern. A break above this level could lead to further gains in the near term. On the downside, supports are located at $0.2975 and $0.2850. Source-Tradingview XRP Technical Analysis The XRP/USD pair has formed a bullish flag pattern on the hourly chart. The digital asset is currently trading at $0.3139, close to the bottom of the flag pattern. A break below this level could lead to further losses in the near term. On the upside, resistances are located at $0.3300 and $0.3500. The RSI indicator is close to the oversold levels, i...