Ripple technical analysis: XRP/USD keeps trending horizontally between $0.263 - $0.252


  • XRP/USD went down from $0.256 to $0.255 in the early hours of Saturday.
  • The SMA 20 curve acts as immediate market support.

XRP/USD daily chart

fxsoriginal

XRP/USD has been trending horizontally between $0.263 - $0.252 for the last two weeks. The price has gone down from $0.256 to $0.255 in the early hours of Saturday. The market has found resistance on the downward trending line and is below the 200-day Simple Moving Average (SMA 200) and SMA 50 curves. SMA 20 curve acts as immediate market support. The Elliott oscillator had a bearish session after 11 straight bullish sessions. However, the Elliott oscillator went back to being bullish.

XRP/USD four-hour chart

fxsoriginal

The four-hour market is trending in a triangle formation. The price is sandwiched between the SMA 50 and SMA 20 curves. The SMA 20 acts as support, while SMA 50 acts as resistance. The 20-day Bollinger jaw has constricted, which indicates decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows six straight bullish sessions of increasing intensity.

XRP/USD hourly chart

fxsoriginal

The hourly market has found support on the upward trending line and is trending below the red Ichimoku cloud. The Relative Strength Index (RSI) indicator is trending around the neutral zone.

Key Levels

XRP/USD

Overview
Today last price 0.2548
Today Daily Change -0.0012
Today Daily Change % -0.47
Today daily open 0.256
 
Trends
Daily SMA20 0.2596
Daily SMA50 0.2815
Daily SMA100 0.3344
Daily SMA200 0.337
Levels
Previous Daily High 0.2563
Previous Daily Low 0.2524
Previous Weekly High 0.2665
Previous Weekly Low 0.2511
Previous Monthly High 0.3308
Previous Monthly Low 0.2392
Daily Fibonacci 38.2% 0.2548
Daily Fibonacci 61.8% 0.2539
Daily Pivot Point S1 0.2535
Daily Pivot Point S2 0.251
Daily Pivot Point S3 0.2496
Daily Pivot Point R1 0.2574
Daily Pivot Point R2 0.2588
Daily Pivot Point R3 0.2613

 


 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

XRP Price Prediction: Ripple might retrace before heading higher

XRP price saw a swift breach of the overhead supply barrier, flipping it into support. This move indicates the presence of buyers; therefore, it is likely Ripple will continue to head higher.

More Ripple news

Citigroup launches digital asset unit to offer crypto services for wealthy clients

Wall Street firm Citigroup is the latest institution to offer crypto services for its rich clients. The global bank launched a new business unit dedicated to the new asset class and the blockchain space.

More Cryptocurrencies news

Litecoin Price Forecast: LTC offers a compelling opportunity above $146

Litecoin price is trying to recover support at the 50-week simple moving average (SMA) as LTC now trades in the upper half of the weekly range. The rebound has channeled minimal interest as daily volume has shrunk every day.

More Litecoin news

Ethereum EIP-1559 upgrade launches on Ropsten testnet as London hardfork nears

One of the most anticipated updates for the Ethereum network in 2021, the London hardfork scheduled for July, includes a controversial Ethereum Improvement Proposal (EIP) 1559. Ethereum core developer Tim Beiko announced that the London hardfork was ...

More Ethereum news

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP