TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Ripple Price Analysis: XRP/USD drops below $0.20 psychological level encountering resistance at the downward trending line

  • Elliott Oscillator has had a green session following 12 straight red sessions.
  • XRP/USD faces two strong resistance levels on the upside at $0.204 and $0.211.
Ripple Price Analysis: XRP/USD drops below $0.20 psychological level encountering resistance at the downward trending line
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD encountered resistance at the downward trending line and dropped from $0.204 to $0.199, going below the $0.20 psychological level. The 20-day Bollinger jaw is slowly narrowing, which shows that the price volatility is gradually decreasing. The bears will want to aim for the $0.1928 and $0.182 support levels to continue the downward movement. 

If bulls do take back control, they will need to conquer resistance at the downward trending line, $0.204, $0.211, and SMA 20.

Key levels

XRP/USD

Overview
Today last price0.1975
Today Daily Change-0.0065
Today Daily Change %-3.19
Today daily open0.204
 
Trends
Daily SMA200.2098
Daily SMA500.1949
Daily SMA1000.2133
Daily SMA2000.2233
 
Levels
Previous Daily High0.2064
Previous Daily Low0.1984
Previous Weekly High0.2268
Previous Weekly Low0.2074
Previous Monthly High0.2358
Previous Monthly Low0.1684
Daily Fibonacci 38.2%0.2033
Daily Fibonacci 61.8%0.2014
Daily Pivot Point S10.1995
Daily Pivot Point S20.1949
Daily Pivot Point S30.1915
Daily Pivot Point R10.2075
Daily Pivot Point R20.2109
Daily Pivot Point R30.2155


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Cardano: Under pressure as bearish derivatives cap recovery

Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.