- XRP/USD remains heavy after Monday’s pump-and-dump performance.
- Bullish MACD probes bears targeting five-week-old support line, January top offers key upside hurdle.
XRP/USD stays depressed near 0.3700 by the end of Tuesday’s trading session. The ripple bears are cheering the consolidation of Monday’s heavy jump but 100-day SMA restricts immediate downside amid bullish MACD.
Hence, a sustained trading below 0.3700 becomes necessary for the XRP/USD sellers to extend the latest south-run.
In doing so, an upward sloping trend line from December 29, at 0.2586, should be their ultimate target. However, the 0.3000 round-figure can offer an intermediate halt during the fall.
Meanwhile, the corrective pullback may aim for the 0.4000 threshold, 0.4400 and the 0.5000 round-figure resistance levels but can’t convince XRP/USD buyers before crossing January’s top of 0.5167.
In a case where the quote regains upside momentum beyond January high, December 2020 peak surrounding 0.6580 and the latest top of 0.7565 can probe bulls eyeing the all-time high of 0.7842
XRP/USD daily chart
Trend: Further weakness expected
Additional important levels
|Today last price||0.3685|
|Today Daily Change||-0.0076|
|Today Daily Change %||-2.02%|
|Today daily open||0.3761|
|Previous Daily High||0.7565|
|Previous Daily Low||0.3602|
|Previous Weekly High||0.317|
|Previous Weekly Low||0.244|
|Previous Monthly High||0.5167|
|Previous Monthly Low||0.2109|
|Daily Fibonacci 38.2%||0.5116|
|Daily Fibonacci 61.8%||0.6051|
|Daily Pivot Point S1||0.2387|
|Daily Pivot Point S2||0.1014|
|Daily Pivot Point S3||-0.1575|
|Daily Pivot Point R1||0.635|
|Daily Pivot Point R2||0.8939|
|Daily Pivot Point R3||1.0312|
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