• XRP/USD trims the previous day’s losses, trying to snap two-week downtrend.
  • Upbeat RSI, bullish MACD favors bull cross on the weekly chart to keep ripple buyers hopeful.
  • $0.2900 will be the tough nut to crack for sellers during further downside.

XRP/USD picks up bids near $0.4350 while trying to reverse the previous day’s losses during early Wednesday. In doing so, the altcoin also stays indecisive after the two consecutive weeks of losses.

However, an upswing of 50-week SMA over 100-week SMA, known as a bull cross, backed by the upside RSI and MACD signals favor the ripple buyers.

As a result, the cryptocurrency pair’s run-up towards the $0.4700 and the $0.5000 threshold can be expected as short-term moves.

Though, the $0.6400 will be strong resistance for the XRP/USD bulls to crack before eyeing the fresh multi-month top above $0.7800.

Alternatively, a monthly support line near $0.3730 restricts the quote’s further downside ahead of highlighting 50-week and 100-week SMA levels, respectively around $0.2950 and $0.2900.

Overall, ripple is up for a fresh rally to the north given the fundamentals don’t flash any surprises.

XRP/USD weekly chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 0.4338
Today Daily Change -0.0026
Today Daily Change % -0.60%
Today daily open 0.4364
 
Trends
Daily SMA20 0.5116
Daily SMA50 0.4108
Daily SMA100 0.4315
Daily SMA200 0.3463
 
Levels
Previous Daily High 0.4553
Previous Daily Low 0.4217
Previous Weekly High 0.6494
Previous Weekly Low 0.3658
Previous Monthly High 0.7565
Previous Monthly Low 0.3406
Daily Fibonacci 38.2% 0.4346
Daily Fibonacci 61.8% 0.4425
Daily Pivot Point S1 0.4203
Daily Pivot Point S2 0.4043
Daily Pivot Point S3 0.3868
Daily Pivot Point R1 0.4539
Daily Pivot Point R2 0.4714
Daily Pivot Point R3 0.4874

 

 

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