Ripple's XRP Technical Analysis: XRP/USD bulls must capitalize on given opportunities or be punished
|- Ripple's XRP price into the second half on Wednesday is nursing very minor losses of some 0.45%.
- XRP/USD has recently broken out and retested a bullish flag pattern, subject to further potential upside.
Spot rate: 0.3174
Relative change: -0.45%
High: 0.3219
Low: 0.3135
Trend: Neutral/Bullish
Trends:
Daily SMA20: 0.3133
Daily SMA50: 0.3172
Daily SMA100: 0.34
Daily SMA200: 0.3775
Levels:
Previous Daily High: 0.3376
Previous Daily Low: 0.3166
Previous Weekly High: 0.3505
Previous Weekly Low: 0.2982
Previous Monthly High: 0.3906
Previous Monthly Low: 0.2833
Daily Fibonacci 38.2%: 0.3247
Daily Fibonacci 61.8%: 0.3296
Daily Pivot Point S1: 0.3116
Daily Pivot Point S2: 0.3036
Daily Pivot Point S3: 0.2906
Daily Pivot Point R1: 0.3325
Daily Pivot Point R2: 0.3455
Daily Pivot Point R3: 0.3535
XRP/USD 60-minute chart
- A near-term ascending trend line is protecting the price from a drop south for now.
XRP/USD daily chart
- Price action has broken out and retested a bull flag pattern formation seen via the daily chart view.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.