• XRP trades 4.17% higher after a disappointing session on Thursday. 
  • The 0.19 handle provided some serious support and buyers stepped in here.

XRP/USD 4-hour chart

 

Ripple's XRP has pushed higher on Friday breaking back above the 0.20 handle. The main test will be at the red resistance zone on the 4-hour chart below at 0.2071. The price bounced off the 0.19 level and this coincided with being oversold on the Relative Strength Index indicator. 

On the downside, if the price does bounce back off the aforementioned 0.2071 resistance zone the 0.1800 could be the target for the bears. crucially the price is back below the 55 exponential (EMA) and 200 simple moving averages (SMA). There has also been a bearish moving average cross where the 55 EMA has crossed the 200 SMA to add to the bearish woes. 

On a technical note, the black trendline could play a very important role as a break back above it could mean the pair is heading toward higher levels. There certainly does seem to be more traffic on the upside.

XRP price breaks 0.20

Additional levels

XRP/USD

Overview
Today last price 0.2022
Today Daily Change 0.0080
Today Daily Change % 4.12
Today daily open 0.1942
 
Trends
Daily SMA20 0.2071
Daily SMA50 0.1988
Daily SMA100 0.2078
Daily SMA200 0.22
 
Levels
Previous Daily High 0.2029
Previous Daily Low 0.1891
Previous Weekly High 0.2162
Previous Weekly Low 0.178
Previous Monthly High 0.2358
Previous Monthly Low 0.1684
Daily Fibonacci 38.2% 0.1944
Daily Fibonacci 61.8% 0.1976
Daily Pivot Point S1 0.1879
Daily Pivot Point S2 0.1816
Daily Pivot Point S3 0.1741
Daily Pivot Point R1 0.2017
Daily Pivot Point R2 0.2092
Daily Pivot Point R3 0.2154

 

 

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