• 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

 

 

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