• Ripple trade 3.71% higher on Tuesday as sentiment improves after a blip yesterday.
  • There is a short term pattern in place that could give us clues to the future path of XRP.

XRP/USD 4-hour chart

Ripple is looking good at the moment as the market continues to make higher highs and higher lows. It seems like the bulls are in a fight to keep the price above 0.20. Looking at the black resistance zone the bulls will need to take out 0.20524 if the next target of 0.2251 is to be tested. 

On the downside, the red line is the short term consolidation support. The main support zones are at the moving averages, orange trendline and the blue level at 0.1830. So as you can see there is lots of traffic on the downside in terms of support. So hopefully, they can stem any losses from pullbacks before the trend continues higher.

Ripple consolidation pattern

Additional levels

XRP/USD

Overview
Today last price 0.1998
Today Daily Change 0.0069
Today Daily Change % 3.58
Today daily open 0.1929
 
Trends
Daily SMA20 0.1716
Daily SMA50 0.2019
Daily SMA100 0.2217
Daily SMA200 0.2365
 
Levels
Previous Daily High 0.2053
Previous Daily Low 0.19
Previous Weekly High 0.1871
Previous Weekly Low 0.162
Previous Monthly High 0.2468
Previous Monthly Low 0.1129
Daily Fibonacci 38.2% 0.1958
Daily Fibonacci 61.8% 0.1995
Daily Pivot Point S1 0.1868
Daily Pivot Point S2 0.1808
Daily Pivot Point S3 0.1715
Daily Pivot Point R1 0.2021
Daily Pivot Point R2 0.2114
Daily Pivot Point R3 0.2174

 

 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: Saturday’s closing below $9700 unnerves BTC bulls

Having failed several attempts to hold the upside above the 9700-mark, Bitcoin (BTC/USD) is consolidating in familiar ranges around 9650 amid quiet trading so far this Sunday. Range play to extend as long as it remains trapped between two key HMAs.

More Bitcoin News

XRP/USD: Path of least resistance appears to the downside

XRP/USD is struggling to extend its recovery beyond 0.20 on Saturday, as the bulls remain in a wait-and-see for the fourth straight session. While extending the range play, the bears are seen fighting back control, as suggested by the near-term technical set up.

More Ripple News

BCH/USD: Bulls eye $280 amid falling wedge breakout

Bitcoin Cash (BCH/USD) is consolidating the latest uptick to a daily high of 257.50, having recovered losses following a dip to 253.47. The No. 5 coin has charted a bullish breakout on the hourly chart. The bulls look to extend the upside break to $280.   

More Bitcoin Cash News

Crypto Market Update: Ethereum outperforms its main rivals on the road to recovery

Crypto bulls are trying hard to extend the recovery on Saturday. Ethereum outperforms Bitcoin and Ripple, looking to settle the week with 4.50% gains. The top 2 widely traded coins are poised for additional upside.  

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD needs to go down again before it goes up

After a head-spinning volatility at the beginning of the week, BTC/USD settled above $9,600 with minor gains on a week-on-week basis. A shall Doji candle on a weekly chart is an alarming signal that the bulls are exhausted by uncertainty and large price swings. 

Read the weekly forecast

BTC

ETH

XRP