Ripple Price Analysis: XRP bears battle 100-day SMA on the way to yearly support line

  • 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
Daily SMA20 0.3026
Daily SMA50 0.3299
Daily SMA100 0.3688
Daily SMA200 0.3122
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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