• It has been a while since Ripple traded this low, so let's take a look at the price action when it was.
  • On Friday, Ripple is trading  7.5% higher even after a terrible week for cryptos.

XRP/USD daily chart

The chart below shows the period between 21st June 2017 and 20th October for the same year. On the Bitfinex exchange, this was the last time prices were this low. Today the price is around 0.1481 and traded at a low of 0.01105 according to Coinbase data.

The price that traders should be looking at is around 0.12900 as this is the main support low marked in red. Once that one was hit the market made consistent higher his and higher low to reach 3.300. But it must be said there were also some key resistance levels along the way.

The consolidation high was around 0.37999 and this was the key breaking level before the price shot higher. Before that 0.28150 was also strong (marked in yellow). 0.1700 acted like a firm support and resistance zone (green) and there were many touches and it acted like a mean value zone. 0.2000 was also similar as it is a round number and a psychological zone.

Ripple price drop

Here is a close up of those levels today to see how well respected they are:

Ripple old levels today

Additional levels

XRP/USD

Overview
Today last price 0.1462
Today Daily Change 0.0078
Today Daily Change % 5.64
Today daily open 0.1384
 
Trends
Daily SMA20 0.2324
Daily SMA50 0.2535
Daily SMA100 0.232
Daily SMA200 0.2491
 
Levels
Previous Daily High 0.2103
Previous Daily Low 0.1293
Previous Weekly High 0.2468
Previous Weekly Low 0.2243
Previous Monthly High 0.3467
Previous Monthly Low 0.2245
Daily Fibonacci 38.2% 0.1602
Daily Fibonacci 61.8% 0.1794
Daily Pivot Point S1 0.1083
Daily Pivot Point S2 0.0783
Daily Pivot Point S3 0.0273
Daily Pivot Point R1 0.1894
Daily Pivot Point R2 0.2403
Daily Pivot Point R3 0.2704

 

 

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


Latest Crypto News & Analysis

Editors’ Picks

Stellar wriggles at the edge of a cliff amid massive sell signals

Stellar is fighting for stability after the freefall from highs of around $0.61. However, short-term analysis hints at the cryptocurrency being massively bearish. The rising wedge pattern could jeopardize immediate support at the 50 Simple Moving Average (SMA) daily chart.

More Stellar Lumens News

China hints at another potential Bitcoin ban amid furtive trading concerns

Once again, China seems to be on the verge of another potential Bitcoin ban. On March 1, the autonomous region of Inner Mongolia announced the ban of cryptocurrency mining and its intention to stop all projects by April this year. 

More Bitcoin News

VET breakout explores open-air toward the beckoning $0.06

VeChain has lifted off the recent support at $0.0.35. The bullish momentum increased in intensity after stepping above the 200 Simple Moving Average (SMA) on the 4-hour chart. Gains are likely to continue, especially after the VET broke above descending trendline resistance.

More VeChain news

Here is how Hetzner Falkenstein upcoming downtime could affect Solana price

Solana active nodes could face disruption on March 2, causing unwanted effects for the blockchain. A ripple effect might deter SOL price from climbing and perhaps even drag it down.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC journey to $100,000 might be easier than expected

This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

Read the weekly forecast

BTC

ETH

XRP