Ripple Price Analysis: XRP extends 200-day SMA break towards two-week-old support line


  • XRP/USD prints three-day losing streak despite staying above short-term support line.
  • Bullish RSI, MACD can help restrict short-term downside around key support.

Failures to keep upside break of 200-day SMA drags XRP/USD towards revisiting a short-term support line. That said, the quote drops to 0.2820 during early Tuesday.

Considering ripple’s pullback from a downward slopping trend line since December 25, coupled with the recent drop below 200-day SMA, XRP/USD traders can revisit a short-term support line, at 0.2580.

However, any further losses will be challenged by bullish MACD and almost upbeat RSI conditions.

In a case where the XRP/USD sellers break the 0.2580 support line, the 0.2000 psychological magnet and the late-2020 low near 0.1720 may gain the market’s attention.

Alternatively, 200-day SMA and the stated resistance line, respectively around 0.3000 and 0.3685, will guard the pair’s immediate recovery moves.

Should the XRp/USD buyers manage to conquer 0.3685, a descending resistance line from November 24, at 0.5130 now, will be in the spotlight.

XRP/USD daily chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price 0.283
Today Daily Change -0.0047
Today Daily Change % -1.63%
Today daily open 0.2877
 
Trends
Daily SMA20 0.2681
Daily SMA50 0.4522
Daily SMA100 0.3579
Daily SMA200 0.3002
 
Levels
Previous Daily High 0.316
Previous Daily Low 0.2526
Previous Weekly High 0.3703
Previous Weekly Low 0.2152
Previous Monthly High 0.6817
Previous Monthly Low 0.1719
Daily Fibonacci 38.2% 0.2768
Daily Fibonacci 61.8% 0.2918
Daily Pivot Point S1 0.2549
Daily Pivot Point S2 0.2221
Daily Pivot Point S3 0.1915
Daily Pivot Point R1 0.3183
Daily Pivot Point R2 0.3489
Daily Pivot Point R3 0.3817

 

 

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