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Ripple technical analysis: XRP/USD narrowing towards a bearish triangle breakdown

  • 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.
Ripple technical analysis: XRP/USD narrowing towards a bearish triangle breakdown
John IsigeJohn IsigeFXStreet

Spot rate: $0.2521

Relative Change: -0.003515

Open: $0.2554

High: $0.2561

Low: $0.2520

Trend: Bullish

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.

XRP/USD

Overview
Today last price0.2525
Today Daily Change-0.0029
Today Daily Change %-1.14
Today daily open0.2554
 
Trends
Daily SMA200.2615
Daily SMA500.2839
Daily SMA1000.3373
Daily SMA2000.3376
Levels
Previous Daily High0.2609
Previous Daily Low0.2511
Previous Weekly High0.2671
Previous Weekly Low0.2473
Previous Monthly High0.3308
Previous Monthly Low0.2392
Daily Fibonacci 38.2%0.2548
Daily Fibonacci 61.8%0.2571
Daily Pivot Point S10.2506
Daily Pivot Point S20.2459
Daily Pivot Point S30.2408
Daily Pivot Point R10.2605
Daily Pivot Point R20.2656
Daily Pivot Point R30.2703

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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