- Ripple is trading 5% lower on Monday crypto sentiment takes a dive.
- The price is now heading toward the 0.1800 support zone.
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,
|Today last price||0.1887|
|Today Daily Change||-0.0087|
|Today Daily Change %||-4.41|
|Today daily open||0.1974|
|Previous Daily High||0.2162|
|Previous Daily Low||0.178|
|Previous Weekly High||0.2268|
|Previous Weekly Low||0.2074|
|Previous Monthly High||0.2358|
|Previous Monthly Low||0.1684|
|Daily Fibonacci 38.2%||0.1926|
|Daily Fibonacci 61.8%||0.2016|
|Daily Pivot Point S1||0.1782|
|Daily Pivot Point S2||0.159|
|Daily Pivot Point S3||0.1401|
|Daily Pivot Point R1||0.2164|
|Daily Pivot Point R2||0.2354|
|Daily Pivot Point R3||0.2546|
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