• XRP/USD are in control as the price drifts to $0.2700.
  • The coin needs to regain ground above $0.2800.

Ripple’s XRP has been drifting down towards the support area at $0.2700 since the beginning of the week. The coin touched $0.2893 low on Monday, though a host of stop orders located around $0.2700 stopped the sell-off and pushed the price to $0.2730.  XRp/USD has stayed mostly unchanged both on a day-to-day basis and since the beginning of Monday.

Ripple’s XRP confluence levels 

Looking technically, $0.27 is now the key support level for XRP/USD. As long as it stays intact, the coin has a chance to develop a recovery; though, in the short-run, the upside momentum may be capped by $0.2800.  Let's have a closer look at them.

Resistance levels

$0.2770 - SMA100 (Simple Moving Average) on 1-hour, and daily charts SMA50 daily, 61.8% Fibo retracement daily, the middle line of 4-hour Bollinger Band
$0.2870  - SMA200 1-hour, 38.2% Fibo retracement weekly, Pivot point 1-day, Resistance 2
$0.3000 - 23.6% Fibo retracement monthly, 61.8% Fibo retracement weekly

Support levels

$0.2700 - 61.8$ Fibo retracement monthly, the lower line of the daily Bollinger Band, the lowest level of the previous day.
 $0.2520 - the lowest level of the previous year
$0.2430 - the lowest level of the previous month, Pivot Point 1-week Support 2

fxstreet original

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD consolidation lags triangle breakout

Bitcoin remained under pressure during the entire weekend. The attempts made to stay above $7,200 support failed, leaving to the path of least resist ace to be below $7,000. Bitcoin’s immediate upside is limited by the 50 SMA on the 2H chart.

More Bitcoin News

Ethereum Price Update: ETH/USD defends $140 support yet again

Ethereum is largely unchanged compared to the levels towards the end of last week. The pressure oozing from the bears continued across the weekend session. Besides action beyond $145 remained limited.

More Ethereum News

Ripple Price Analysis: XRP/USD spirals in freshly reignited downward momentum

Ripple has ignited the bearish momentum breaking the weekend-long support at $0.2160. The losses come after an attempt to break out from the descending channel resistance failed.

More Ripple News

Cardano’s IOHK celebrates 120 staking pulls less than 24 hours after testnet launch

The research firm in charge of developing Cardano, a major cryptocurrency, IOHK was delighted to announce the fantastic performance of the newly launched testnet.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP