• 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.

Ripple

Additional Level

XRP/USD

Overview
Today last price 0.2327
Today Daily Change -0.0197
Today Daily Change % -7.81
Today daily open 0.2524
 
Trends
Daily SMA20 0.2867
Daily SMA50 0.2541
Daily SMA100 0.2333
Daily SMA200 0.2538
 
Levels
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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