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.

Rajan Dhall, MSTA FX 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.

Additional Levels

XRP/USD

Overview
Today last price	0.2317
Today Daily Change	-0.0066
Today Daily Change %	-2.77
Today daily open	0.2383

Trends
Daily SMA20	0.282
Daily SMA50	0.255
Daily SMA100	0.2329
Daily SMA200	0.2532

Levels
Previous Daily High	0.2474
Previous Daily Low	0.2245
Previous Weekly High	0.3187
Previous Weekly Low	0.2615
Previous Monthly High	0.254
Previous Monthly Low	0.1846
Daily Fibonacci 38.2%	0.2387
Daily Fibonacci 61.8%	0.2333
Daily Pivot Point S1	0.2261
Daily Pivot Point S2	0.2138
Daily Pivot Point S3	0.2032
Daily Pivot Point R1	0.249
Daily Pivot Point R2	0.2597
Daily Pivot Point R3	0.2719

Author

Rajan Dhall, MSTA

FX Daily

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

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XRP/USD Daily Chart

Additional Levels

XRP/USD

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