Ripple Price Analysis: XRP bulls need to defend $0.4500

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

Overview
Today last price	0.4588
Today Daily Change	-0.0222
Today Daily Change %	-4.62%
Today daily open	0.481

Trends
Daily SMA20	0.5011
Daily SMA50	0.4174
Daily SMA100	0.4277
Daily SMA200	0.3479

Levels
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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