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Ripple Technical Analysis: XRP/USD remains weak and it’s at danger of crashing after millions XRP coins from PlusToken scam were moved to exchanges

  • XRP is still one of the weakest coins despite an overall recovery of the crypto market.
  • Millions of XRP coins were moved to exchanges from the PlusToken scam, the famous $2 billion crypto theft.
Ripple Technical Analysis: XRP/USD remains weak and it’s at danger of crashing after millions XRP coins from PlusToken scam were moved to exchanges
Lorenzo StroeLorenzo StroeIndependent Analyst

XRP is again under selling pressure after failing to see a significant bounce and millions of coins were moved to exchanges from the PlusToken scam. The pressure combined could lead XRP into another crash, this time below $0.18. 

XRP/USD daily chart

XRPUSD

It’s clear that XRP’s daily chart is far weaker than the rest of the coins with only a 1.5% price surge on June 22. One of the main differences between XRP and others is the fact that XRP is trading below the daily 12-EMA at $ 0.191 and it’s not close to climbing above it. There are plenty of resistance levels to the upside including the 12-EMA and the 26-EMA. 

Support can be found at $0.1847, the low of June 20, and $0.182 the low of June 15. Below those two levels, bulls will only find a psychological support level at $0.18 and some support at $0.178.

XRP/USD technical levels

XRP/USD

Overview
Today last price0.1889
Today Daily Change0.0030
Today Daily Change %1.61
Today daily open0.1859
 
Trends
Daily SMA200.1961
Daily SMA500.2008
Daily SMA1000.1912
Daily SMA2000.2113
 
Levels
Previous Daily High0.1885
Previous Daily Low0.1856
Previous Weekly High0.1988
Previous Weekly Low0.1821
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.1867
Daily Fibonacci 61.8%0.1874
Daily Pivot Point S10.1848
Daily Pivot Point S20.1838
Daily Pivot Point S30.1819
Daily Pivot Point R10.1877
Daily Pivot Point R20.1895
Daily Pivot Point R30.1906

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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