TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Ripple Price Analysis: This 4-hour chart doesn't look so great

  • Ripple is trading 5% lower on Monday crypto sentiment takes a dive.
  • The price is now heading toward the 0.1800 support zone.
Ripple Price Analysis: This 4-hour chart doesn't look so great
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XRP/USD 4-hour chart

Ripple is having a tough time on Monday and the bears are in full control. On the 4-hour chart below, once the wedge was broken to the downside it seems the price capitulated. The psychological 0.20 has been a big support in the past and now it has been broken and used as resistance again as the pullback from the break lower kicked in.

Looking closer at the indicators, the price is now trading below the 55 and 200 moving averages. There was not even time to use them as support zones as the sell off was soo strong. The Fibonacci 50% zone has already been used support and it also confluences with the 0.180 psychological level. Another break below this level could spell trouble for the pair,

Ripple breaking lower

Additional levels

XRP/USD

Overview
Today last price0.1887
Today Daily Change-0.0087
Today Daily Change %-4.41
Today daily open0.1974
 
Trends
Daily SMA200.2079
Daily SMA500.1916
Daily SMA1000.2154
Daily SMA2000.2251
 
Levels
Previous Daily High0.2162
Previous Daily Low0.178
Previous Weekly High0.2268
Previous Weekly Low0.2074
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.1926
Daily Fibonacci 61.8%0.2016
Daily Pivot Point S10.1782
Daily Pivot Point S20.159
Daily Pivot Point S30.1401
Daily Pivot Point R10.2164
Daily Pivot Point R20.2354
Daily Pivot Point R30.2546

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

Crypto markets have remained under pressure so far in October, with Bitcoin sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.

Ripple bulls build new support base amid RLUSD payments expansion

Ripple bulls build new support base amid RLUSD payments expansion

Ripple ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside. A break above this area would reinforce the bullish grip.

Busy week for Ripple’s RLUSD: What changes for stablecoin holders?

Busy week for Ripple’s RLUSD: What changes for stablecoin holders?

Ripple’s RLUSD is gaining ground across institutional finance, with a major bank launching custody services, a new wallet integration making it easier for developers to build payments and agentic experiences on the network, and a brokerage platform planning to use the stablecoin for settlement.

Bitcoin Weekly Forecast: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin Weekly Forecast: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin extends its correction this week, trading below $82,500 on Friday, as selling pressure continues. Hotter-than-expected US CPI and PPI data point to broader inflation pressures and persistent geopolitical uncertainty, weighing on risk sentiment.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.