Ripple Technical Analysis: XRP/USD consolidates above $0.275 under bearish pressure

XRP/USD bears have stayed in control of the market for the second straight day.
The daily price chart has two healthy support levels at $0.264 (SMA 50) and $0.244.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bears have stayed in control of the market for the second straight day as the price fell from $0.2762 to $0.2752. The Elliott Oscillator has had 16 red sessions out of the last 17. The recent bearish price action has dropped the price from the edge of the overbought zone to the neutral area.

The daily price chart shows strong resistance levels at $0.283, $0.286 (SMA 20) and $0.296. On the downside, we have two healthy support levels at $0.264 (SMA 50) and $0.244.

Key levels

XRP/USD

Overview
Today last price	0.2751
Today Daily Change	-0.0011
Today Daily Change %	-0.40
Today daily open	0.2762

Trends
Daily SMA20	0.2872
Daily SMA50	0.2641
Daily SMA100	0.2283
Daily SMA200	0.2156

Levels
Previous Daily High	0.3043
Previous Daily Low	0.2632
Previous Weekly High	0.2922
Previous Weekly Low	0.2547
Previous Monthly High	0.328
Previous Monthly Low	0.2485
Daily Fibonacci 38.2%	0.2789
Daily Fibonacci 61.8%	0.2886
Daily Pivot Point S1	0.2582
Daily Pivot Point S2	0.2401
Daily Pivot Point S3	0.2171
Daily Pivot Point R1	0.2993
Daily Pivot Point R2	0.3223
Daily Pivot Point R3	0.3404

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

XRP/USD daily chart

Key levels

XRP/USD

Legal Text

Markets move fast. We move first.

Editor's Picks