• Ripple trades 1.29% lower on Thursday as bulls and bears fight over the 0.20 handle. 
  • The price has moved into a channel formation with an upward tilt.

XRP/USD 4-hour chart

Ripple remains in a bullish trend on the 4-hour chart below. The price continues to make higher highs and higher lows but it seems the bulls have stalled at 0.20. That is noticeable on the volume histogram at the bottom as it has dropped off significantly. The two key zones are now the blue resistance zone and the red support a break either way will give us clues to the trajectory of the price in the future. 

Looking at the technical indicators now, the price remains above the 55 and 200 period moving averages. This is still considered as bullish as they have been used well in the past. The RSI indicator is also showing a lower wave low while the price made a higher wave low. This is called a bullish failure swing and can sometimes indicate there is some bullishness to come. 

Ripple testing 0.20 again

Additional levels

XRP/USD

Overview
Today last price 0.1994
Today Daily Change -0.0028
Today Daily Change % -1.38
Today daily open 0.2022
 
Trends
Daily SMA20 0.1734
Daily SMA50 0.2
Daily SMA100 0.2218
Daily SMA200 0.236
 
Levels
Previous Daily High 0.2031
Previous Daily Low 0.1916
Previous Weekly High 0.1871
Previous Weekly Low 0.162
Previous Monthly High 0.2468
Previous Monthly Low 0.1129
Daily Fibonacci 38.2% 0.1987
Daily Fibonacci 61.8% 0.196
Daily Pivot Point S1 0.1949
Daily Pivot Point S2 0.1875
Daily Pivot Point S3 0.1834
Daily Pivot Point R1 0.2064
Daily Pivot Point R2 0.2105
Daily Pivot Point R3 0.2178

 

 

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