- 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
|Today last price||0.283|
|Today Daily Change||-0.0047|
|Today Daily Change %||-1.63%|
|Today daily open||0.2877|
|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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