• Ripple trades 0.55% higher today on a mixed day for the major cryptocurrencies.
  • The market is consolidating and has moved into a descending wedge formation.

XRP/USD 1-Hour Chart

Ripple is still recovering from the massive price fall on the higher timeframes.

The bulls heavily defended the 0.20 level and now the price has managed to settle at 0.22.

The daily candles are still looking bearish but on the hourly chart, the price has moved into the wedge pattern shown below.

A break to 0.2220 would mean a pattern break to the upside, while the next support is at 0.2180.

Ripple Analysis

Additional Levels

XRP/USD

Overview
Today last price 0.2208
Today Daily Change 0.0009
Today Daily Change % 0.41
Today daily open 0.2199
 
Trends
Daily SMA20 0.2408
Daily SMA50 0.2705
Daily SMA100 0.2668
Daily SMA200 0.3172
 
Levels
Previous Daily High 0.227
Previous Daily Low 0.218
Previous Weekly High 0.2356
Previous Weekly Low 0.2015
Previous Monthly High 0.3149
Previous Monthly Low 0.2015
Daily Fibonacci 38.2% 0.2214
Daily Fibonacci 61.8% 0.2236
Daily Pivot Point S1 0.2162
Daily Pivot Point S2 0.2126
Daily Pivot Point S3 0.2072
Daily Pivot Point R1 0.2253
Daily Pivot Point R2 0.2307
Daily Pivot Point R3 0.2343

 

 

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