Ripple Price Analysis: Trendline break failed to sustain bullish momentum

Ripple is trading nearly 1% lower on Tuesday as the retracement continues.
The price is now consolidating at a key level and a break could help determine the future direction.

XRP/USD 1-hour chart

Ripple is trading lower on Tuesday but all hope is not lost as there are some key support zones in near proximity that could stem any losses. The market has made a higher low on the hourly chart below but the last time the price attacked the red trendline it failed to sustain the bullish momentum and pulled back in.

The 0.21 level is the major support zone and the price has now bounced off the level twice now. The bulls need to gather some strength and try and break 0.2225. The good news is the price is holding above 200 simple moving average but the 55 and 200 are very close together and could cross (negatively).

The relative strength index indicator is nearly above the 50 mid-line and crossing from below to above would be seen as a bullish sign. Overall the market still looks like a bullish one and only a break below 0.2075 could change that bias.

Additional levels

XRP/USD

Overview
Today last price	0.2158
Today Daily Change	-0.0022
Today Daily Change %	-1.01
Today daily open	0.218

Trends
Daily SMA20	0.2003
Daily SMA50	0.1843
Daily SMA100	0.2168
Daily SMA200	0.2275

Levels
Previous Daily High	0.2207
Previous Daily Low	0.2074
Previous Weekly High	0.2358
Previous Weekly Low	0.1917
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.2125
Daily Fibonacci 61.8%	0.2156
Daily Pivot Point S1	0.21
Daily Pivot Point S2	0.202
Daily Pivot Point S3	0.1966
Daily Pivot Point R1	0.2234
Daily Pivot Point R2	0.2287
Daily Pivot Point R3	0.2367

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