Ripple Price Analysis: Will XRP/USD hold onto $0.28 ahead of the surge above $0.30?


  • Ripple price struggles to stay afloat above $0.28 after the $0.29 seller congestion zone proved impervious.
  • Sideway action comes into play amid reducing volatility and volume across the cryptocurrency market.

Spot rate: $0.2814

Relative change: -0.00146

Percentage change: -0.55%

Trend: Sideways trending

Volatility: Low

XRP/USD daily chart

As long as Ripple stays above the 200-day SMA, more upward action is imminent.

The MACD bullish divergence suggests that bulls are relatively in control in spite of the lack of momentum to break above the resistance at $0.29 and $0.30 respectively.

XRP/USD 4-hour chart

Ripple forges an uptrend within a clear cut ascending channel likely to contain the price movements over the weekend session.

The most likely trend for Ripple is sideways trading as per the horizontally moving RSI.

XRP/USD 1-hour chart

Low volatility levels and reduced volume hint that rapid price movements are unlikely on Friday unless either the resistance at $0.29 is broken or the bears smash XRO past the support at $0.27.

XRP/USD

Overview
Today last price 0.2814
Today Daily Change -0.0015
Today Daily Change % -0.53
Today daily open 0.2829
 
Trends
Daily SMA20 0.2422
Daily SMA50 0.2187
Daily SMA100 0.233
Daily SMA200 0.2567
 
Levels
Previous Daily High 0.2878
Previous Daily Low 0.2674
Previous Weekly High 0.2465
Previous Weekly Low 0.2177
Previous Monthly High 0.254
Previous Monthly Low 0.1846
Daily Fibonacci 38.2% 0.28
Daily Fibonacci 61.8% 0.2752
Daily Pivot Point S1 0.2709
Daily Pivot Point S2 0.2589
Daily Pivot Point S3 0.2505
Daily Pivot Point R1 0.2914
Daily Pivot Point R2 0.2998
Daily Pivot Point R3 0.3118

 

 


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