Ripple Price Analysis: XRP/USD golden cross hints return above $0.30


  • Ripple price dives further under $0.27 as the 50% Fibo comes in handy to stop losses at $0.26.
  • XRP/USD is likely to settle between $0.26 and $0.27 to give the bulls time to plan an attack on $0.28 and $0.30 resistances.

Spot rate: $0.2657

Relative change: -0.005125

Percentage change: 1.9%

Trend: Strongly Bearish

Volatility: Low

XRP/USD daily chart

XRP/USD price chart

Ripple price is trading below the broken trendline support. However, it is strongly supported by the 61.8% Fib level of the last drop from $0.3463 to a low of $0.1766 at $0.26. In spite of the losses from the yearly highs at $0.3463 posted on February 15, XRP/USD is holding ground above the moving averages. A possible golden cross hints that bullish pressure is still present and could culminate in a push above the resistance at $0.28 and $0.30.

XRP/USD 2-hour chart

XRP/USD price chart

Ripple price extends the bearish leg to $0.26 as bears continue with their rampage across the crypto market. Support at $0.27 suffered a blow as bulls rushed to defend $0.26. For now, a shallow recovery has seen XRP/USD rise to $0.2656. Although, the path of least resistance is still to the downside. Apart from the hurdle at $0.27, buyers will have a hard time moving past the 50 SMA at $0.2748 and the 100 SMA at $0.28.

XRP/USD

Overview
Today last price 0.265
Today Daily Change -0.0056
Today Daily Change % -2.07
Today daily open 0.2706
 
Trends
Daily SMA20 0.288
Daily SMA50 0.2535
Daily SMA100 0.2334
Daily SMA200 0.2541
 
Levels
Previous Daily High 0.2852
Previous Daily Low 0.2641
Previous Weekly High 0.3187
Previous Weekly Low 0.2615
Previous Monthly High 0.254
Previous Monthly Low 0.1846
Daily Fibonacci 38.2% 0.2721
Daily Fibonacci 61.8% 0.2771
Daily Pivot Point S1 0.2614
Daily Pivot Point S2 0.2522
Daily Pivot Point S3 0.2403
Daily Pivot Point R1 0.2825
Daily Pivot Point R2 0.2944
Daily Pivot Point R3 0.3036

 

 

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