- Selling activity continues to force Ripple against critical support areas at $0.25 and $0.24 respectively.
- Impending breakout due to the descending triangle pattern breakdown becomes apparent with every negative stride.
Spot rate: $0.2521
Relative Change: -0.003515
XRP/USD 4-hour chart
Ripple’s upside is limited by the simple moving averages (50 SMA 4-hours and 100 SMA 4-hours) marginally below $0.26 (seller congestion zone).
The Relative Strength Index and the Moving Average Convergence Divergence signal a growing bearish momentum.
XRP/USD daily chart
Premature falling wedge pattern breakout fails to catch momentum to clear $0.2750 resistance.
Ripple price still searching for a bottom to reverse this current downtrend.
|Today last price||0.2525|
|Today Daily Change||-0.0029|
|Today Daily Change %||-1.14|
|Today daily open||0.2554|
|Previous Daily High||0.2609|
|Previous Daily Low||0.2511|
|Previous Weekly High||0.2671|
|Previous Weekly Low||0.2473|
|Previous Monthly High||0.3308|
|Previous Monthly Low||0.2392|
|Daily Fibonacci 38.2%||0.2548|
|Daily Fibonacci 61.8%||0.2571|
|Daily Pivot Point S1||0.2506|
|Daily Pivot Point S2||0.2459|
|Daily Pivot Point S3||0.2408|
|Daily Pivot Point R1||0.2605|
|Daily Pivot Point R2||0.2656|
|Daily Pivot Point R3||0.2703|
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