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Ripple Technical Analysis: XRP/USD consolidates above the $0.275-level

  • XRP/USD bears have stayed in control for the second straight day.
  • XRP/USD fell below the pennant formation following Tuesday’s bearish price action.
Ripple Technical Analysis: XRP/USD consolidates above the $0.275-level
Rajarshi MitraRajarshi MitraIndependent Analyst

XRP/USD daily chart

XRP/USD daily chart

XRP/USD bears have strayed in control of the market for two straight days. The price has dropped from $0.2765 to $0.2753 as it keeps trending in the lower half of the 20-day Bollinger Band. The Elliott Oscillator has had nine consecutive, which indicates that the overall market sentiment is bearish.

As per the daily price chart, there are three strong resistance levels at $0.287, $0.2912 (SMA 20) and $0.3024. On the downside, we have three healthy support levels at $0.259, $0.254 (SMA 50) and $0.245.

Key levels

XRP/USD

Overview
Today last price0.276
Today Daily Change-0.0005
Today Daily Change %-0.18
Today daily open0.2765
 
Trends
Daily SMA200.2928
Daily SMA500.2515
Daily SMA1000.222
Daily SMA2000.2164
 
Levels
Previous Daily High0.2898
Previous Daily Low0.2708
Previous Weekly High0.328
Previous Weekly Low0.2773
Previous Monthly High0.2608
Previous Monthly Low0.1729
Daily Fibonacci 38.2%0.2781
Daily Fibonacci 61.8%0.2826
Daily Pivot Point S10.2683
Daily Pivot Point S20.2601
Daily Pivot Point S30.2493
Daily Pivot Point R10.2873
Daily Pivot Point R20.2981
Daily Pivot Point R30.3063


 

Author

Rajarshi Mitra

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.

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