Ripple Technical Analysis: XRP/USD range resistance must come down


  • Ripple lock-step trading stuck in a narrowing range between $0.2192 and $0.3085.
  • XRP nurtures a weak bullish bias in the short term even as the year comes to an end.

Spot rate: $0.2236

Relative change: -0.001911

Percentage change: -0.85%

Trend: Bullish

Volatility: Shrinking

XRP/USD daily chart

Ripple price defends $0.20 support, averting the risk of dropping into the $1.0 range.

The range resistance will have to come down for Santa’s early Christmas gift targeting $0.50.

XRP/USD 4-hour chart

Ripple defends falling channel support, but the channel resistance is a hard nut to crack.

Correction above the channel resistance could give Ripple a push above $0.24 and $0.26, respectively.

XRP/USD 2-hour chart

The rising wedge pattern hints at an impending breakdown.

In the short term, XRP has a weak bullish bias based on the up-trending RSI.

XRP/USD

Overview
Today last price 0.2236
Today Daily Change -0.0020
Today Daily Change % -0.89
Today daily open 0.2256
 
Trends
Daily SMA20 0.2435
Daily SMA50 0.2715
Daily SMA100 0.2673
Daily SMA200 0.3181
 
Levels
Previous Daily High 0.2263
Previous Daily Low 0.2193
Previous Weekly High 0.2356
Previous Weekly Low 0.2015
Previous Monthly High 0.3149
Previous Monthly Low 0.2015
Daily Fibonacci 38.2% 0.222
Daily Fibonacci 61.8% 0.2236
Daily Pivot Point S1 0.2212
Daily Pivot Point S2 0.2168
Daily Pivot Point S3 0.2142
Daily Pivot Point R1 0.2282
Daily Pivot Point R2 0.2307
Daily Pivot Point R3 0.2351

 

 

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