• XRP/USD stays heavy after two-day downside.
  • 50-day EMA, 12-day-old support line restricts immediate downside.
  • 61.8% Fibonacci retracement adds to the support, bulls need a clear break beyond three-week-long resistance line.

XRP/USD flirts with the lowest since November 26, flashed the previous day, while trading near 0.4700 during early Wednesday. The crypto major refreshed the multi-day low the previous day while extending the downside break of 50% Fibonacci retracement of November’s north-run.

Although receding RSI condition suggests further weakness, a confluence of 50-day EMA and a falling trend line from November 29, around 0.4550/40, will challenge the XRP/USD sellers.

Additionally, 61.8% Fibonacci retracement level of 0.4407 and November 22 low of 0.4035 extra downside filters.

Alternatively, 21-day EMA near 0.5300 will lure the short-term XRP/USD buyers. However, any further upside needs a clear break above the resistance line stretched from November 24, at 0.5410 now.

In a case where the XRP/USD bulls dominate past-0.5410, the 0.6000 threshold can offer an intermediate halt ahead of the monthly peak surrounding 0.6820.

XRP/USD daily chart

Trend: Bearish

additional important levels

Overview
Today last price 0.4691
Today Daily Change -0.0284
Today Daily Change % -5.71%
Today daily open 0.4975
 
Trends
Daily SMA20 0.5823
Daily SMA50 0.4126
Daily SMA100 0.3288
Daily SMA200 0.2793
 
Levels
Previous Daily High 0.5187
Previous Daily Low 0.49
Previous Weekly High 0.6289
Previous Weekly Low 0.504
Previous Monthly High 0.7843
Previous Monthly Low 0.228
Daily Fibonacci 38.2% 0.5009
Daily Fibonacci 61.8% 0.5077
Daily Pivot Point S1 0.4855
Daily Pivot Point S2 0.4734
Daily Pivot Point S3 0.4568
Daily Pivot Point R1 0.5141
Daily Pivot Point R2 0.5307
Daily Pivot Point R3 0.5428

 

 

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