- XRP/USD snaps two-day winning streak, takes a U-turn from 200-bar SMA.
- Failures to cross key SMA battles bullish MACD.
- Sellers will look to defy the bullish chart pattern for entry.
Ripple joins the fresh drop in headline cryptocurrencies while revisiting $0.4600, down 4.62% intraday, during early Friday. The altcoin recently took a U-turn from 200-bar SMA but stays inside a weekly rising trend channel to keep the buyers hopeful.
Given the bullish MACD testing the XRP/USD failure to cross the key SMA, sellers will wait for a clear downside break of the stated channel’s support, at $0.4500 now, for fresh entries.
Following that, the last week’s low around $0.3650 can offer an intermediate halt during the quote’s slump towards February’s low near $0.3400.
Meanwhile, a clear break above the 200-bar SMA level of $0.4850 needs to cross the stated channel’s upper line, at the 0.5000 threshold.
During the quote’s sustained trading above 0.5000, 0.5200 and the 0.6000 can entertain XRP/USD bulls ahead of late February top near 0.6500.
XRP/USD four-hour chart
Trend: Pullback expected
additional important levels
|Today last price||0.4588|
|Today Daily Change||-0.0222|
|Today Daily Change %||-4.62%|
|Today daily open||0.481|
|Previous Daily High||0.4945|
|Previous Daily Low||0.4346|
|Previous Weekly High||0.6494|
|Previous Weekly Low||0.3658|
|Previous Monthly High||0.7565|
|Previous Monthly Low||0.3406|
|Daily Fibonacci 38.2%||0.4716|
|Daily Fibonacci 61.8%||0.4575|
|Daily Pivot Point S1||0.4456|
|Daily Pivot Point S2||0.4101|
|Daily Pivot Point S3||0.3856|
|Daily Pivot Point R1||0.5055|
|Daily Pivot Point R2||0.53|
|Daily Pivot Point R3||0.5654|
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