- 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.
|Today last price||0.2022|
|Today Daily Change||0.0080|
|Today Daily Change %||4.12|
|Today daily open||0.1942|
|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|
All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.