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Ripple Technical Analysis: XRP/USD falling wedge flashes signs of a reversal

  • Ripple is forced down towards the key support at $0.20.
  • Ripple bulls have no choice but to defend the tentative support at $0.21 and focus on growing an uptrend above $0.24.
Ripple Technical Analysis: XRP/USD falling wedge flashes signs of a reversal
John IsigeJohn IsigeFXStreet

XRP/USD daily chart

Ripple is unable to put an end to the downtrend, especially with the RSI sliding towards the overbought.

The falling wedge pattern is a ray of hope that a reversal is imminent.

XRP/USD 4-hour chart

Ripple risks symmetrical triangle breakdown, targeting $0.20 support.

The immediate upside is capped by the moving averages including the 100 SMA and the 50 SMA.

Spot rate: $0.2187

Relative change: 0.000035

Percentage change: 0.02%

Trend: Strongly bearish

Volatility: Low

XRP/USD

Overview
Today last price0.2188
Today Daily Change0.0001
Today Daily Change %0.05
Today daily open0.2187
 
Trends
Daily SMA200.2237
Daily SMA500.2573
Daily SMA1000.2626
Daily SMA2000.3084
 
Levels
Previous Daily High0.2232
Previous Daily Low0.217
Previous Weekly High0.2279
Previous Weekly Low0.2104
Previous Monthly High0.3149
Previous Monthly Low0.2015
Daily Fibonacci 38.2%0.2194
Daily Fibonacci 61.8%0.2208
Daily Pivot Point S10.2161
Daily Pivot Point S20.2134
Daily Pivot Point S30.2098
Daily Pivot Point R10.2223
Daily Pivot Point R20.2259
Daily Pivot Point R30.2286

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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