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Ripple Price Analysis: XRP looks be heading into a congested area

  • Ripple has fallen around 9% on Wednesday and could push further.
  • There are a couple of support levels just under where the price is now.
Ripple Price Analysis: XRP looks be heading into a congested area
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XRP/USD Daily Chart

Ripple is in free fall like the rest of the crypto majors on Wednesday.

The price is heading into a congestion zone between 0.21 and 0.23.

Within this consolidation area, the 0.2180 was used as support along with 0.21 which was is the major level.

If they break then the bears could be looking to the lows on the chart of 0.1760.

If anything the 0.200 round number support could also be a target too. 

The main thing to do now is to keep an eye on a bounce at these levels as the price has fallen very far very fast.

Ripple Price analysis

Additonal levels

XRP/USD

Overview
Today last price0.2291
Today Daily Change-0.0233
Today Daily Change %-9.23
Today daily open0.2524
 
Trends
Daily SMA200.2867
Daily SMA500.2541
Daily SMA1000.2333
Daily SMA2000.2538
 
Levels
Previous Daily High0.271
Previous Daily Low0.251
Previous Weekly High0.3187
Previous Weekly Low0.2615
Previous Monthly High0.254
Previous Monthly Low0.1846
Daily Fibonacci 38.2%0.2586
Daily Fibonacci 61.8%0.2634
Daily Pivot Point S10.2452
Daily Pivot Point S20.2381
Daily Pivot Point S30.2252
Daily Pivot Point R10.2653
Daily Pivot Point R20.2782
Daily Pivot Point R30.2854

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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