- Ripple has not escaped the crypto rout today and XRP/USD has fallen over 7.5%.
- The next main support zone looks like it might be the psychological 0.20 level.
XRP/USD Daily Chart
Could this chart show that the recent Ripple rally was just a deep retracement of the downtrend?.
The price fall from the 0.3463 high has been pretty dramatic.
Now the price is heading toward the 0.20 support level. This level has been used on 4 strong occasions.
Beyond that, the 0.1760 wave low could be the main base-level support.
The overall sentiment of this market is still bearish and lower level look likely to be tested.
|Today last price||0.2327|
|Today Daily Change||-0.0197|
|Today Daily Change %||-7.81|
|Today daily open||0.2524|
|Previous Daily High||0.271|
|Previous Daily Low||0.251|
|Previous Weekly High||0.3187|
|Previous Weekly Low||0.2615|
|Previous Monthly High||0.254|
|Previous Monthly Low||0.1846|
|Daily Fibonacci 38.2%||0.2586|
|Daily Fibonacci 61.8%||0.2634|
|Daily Pivot Point S1||0.2452|
|Daily Pivot Point S2||0.2381|
|Daily Pivot Point S3||0.2252|
|Daily Pivot Point R1||0.2653|
|Daily Pivot Point R2||0.2782|
|Daily Pivot Point R3||0.2854|
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