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Ripple Price Analysis: XRP/USD slumps beneath $0.30, $0.25 in sight

  • Ripple price spirals under $0.30, opening the door towards the key support at $0.25.
  • XRP/USD struggles to stay above $0.28 amid calls for further downward action.

Spot rate: $0.2874

Relative change: -005944

Percentage change: -2%

Volatility: Shrinking

Trend: Bullish

XRP/USD daily chart 

Ripple price immediate support at $0.27 stays in place despite the correction from last week’s high around $0.349. A downward moving RSI suggests that the correction could last longer, even spill into the European session on Monday. The 21-day SMA is in line to offer support in the event XRP/USD dives under $0.28.

XRP/USD 2-hour chart

Ripple sustains an upward price action above a key trend line despite the slump from recent yearly highs. The upward action is, however, likely to be broken, especially if the support at $0.27 is shuttered. Meanwhile, the MACD shows that bearish dominance has the potential to last longer.

XRP/USD

Overview
Today last price0.2865
Today Daily Change-0.0062
Today Daily Change %-2.12
Today daily open0.2927
 
Trends
Daily SMA200.2746
Daily SMA500.2397
Daily SMA1000.2329
Daily SMA2000.2556
 
Levels
Previous Daily High0.3187
Previous Daily Low0.2696
Previous Weekly High0.3395
Previous Weekly Low0.2672
Previous Monthly High0.254
Previous Monthly Low0.1846
Daily Fibonacci 38.2%0.2884
Daily Fibonacci 61.8%0.3
Daily Pivot Point S10.2686
Daily Pivot Point S20.2445
Daily Pivot Point S30.2195
Daily Pivot Point R10.3178
Daily Pivot Point R20.3428
Daily Pivot Point R30.3669

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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