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

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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

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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

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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

 


 

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