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Ripple Technical Analysis: Where is the next support?

  • Ripple has been one of the worst hit cryptocurrencies on Tuesday during the crypto price collapse.
  • There are not too many support levels in sight as XRP/USD hits its lowest level since 25th September 2017 (Bitfinex data).
Ripple Technical Analysis: Where is the next support?
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XRP/USD Daily Chart

Ripple has suffered a crushing 11% fall on Tuesday.

Ripple bulls had previously signed a petition complaining to Ripple about the performance of the coin.

The psychological 0.20 level had been holding firm but during Tuesday's wave of selling it just could not cope.

The volume is clearly backing the wave lower. The next meaningful support could come from the internal trendline but it's not the strongest.

0.129 was the main support the last time price was this low on the Bitfnex exchange back in July 2015.

Ripple Analysis

Additional Levels

XRP/USD

Overview
Today last price0.1839
Today Daily Change-0.0220
Today Daily Change %-10.68
Today daily open0.2059
 
Trends
Daily SMA200.222
Daily SMA500.2516
Daily SMA1000.2608
Daily SMA2000.3043
 
Levels
Previous Daily High0.2177
Previous Daily Low0.2026
Previous Weekly High0.233
Previous Weekly Low0.2154
Previous Monthly High0.3149
Previous Monthly Low0.2015
Daily Fibonacci 38.2%0.2083
Daily Fibonacci 61.8%0.2119
Daily Pivot Point S10.1997
Daily Pivot Point S20.1935
Daily Pivot Point S30.1845
Daily Pivot Point R10.2149
Daily Pivot Point R20.2239
Daily Pivot Point R30.23

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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