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Ripple Price Analysis: XRP/USD is stuck in the middle of a very congested area

  • Ripple trades 2% lower in another down day for cryptos.
  • The price is now between 3 key support and resistance zones.
Ripple Price Analysis: XRP/USD is stuck in the middle of a very congested area
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XRP/USD Daily Chart

Ripple has had a serious fall from grace since hitting 0.3463 on February 15th.

Now the price has started to find some support at 0.2250.

This is a key level as it has been used in the past. 

Above this level 0.2525 has been used 7 times on this chart alone.

And below the current price, 0.2126 is the next major support.

So you could say right now the price is in no man's land waiting for a confirmation break.

Ripple price analysis

Additional Levels

XRP/USD

Overview
Today last price0.2317
Today Daily Change-0.0066
Today Daily Change %-2.77
Today daily open0.2383
 
Trends
Daily SMA200.282
Daily SMA500.255
Daily SMA1000.2329
Daily SMA2000.2532
 
Levels
Previous Daily High0.2474
Previous Daily Low0.2245
Previous Weekly High0.3187
Previous Weekly Low0.2615
Previous Monthly High0.254
Previous Monthly Low0.1846
Daily Fibonacci 38.2%0.2387
Daily Fibonacci 61.8%0.2333
Daily Pivot Point S10.2261
Daily Pivot Point S20.2138
Daily Pivot Point S30.2032
Daily Pivot Point R10.249
Daily Pivot Point R20.2597
Daily Pivot Point R30.2719

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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