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Ripple XRP Price Analysis: 0.20 has once again proved to be a good support for XRP/USD

  • The price of Ripple's XRP is 0.20% higher on Thursday.
  • The chart shows the pair is still in a consolidation mode.
Ripple XRP Price Analysis: 0.20 has once again proved to be a good support for XRP/USD
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XRP/USD 4-hour chart

On the four hour chart below the price has started to make some higher highs and higher lows. The key level is the wave high of 0.2146, if this level gets broken then the uptrend might resume. 

The price has recently moved above the 200 Simple Moving Average and the 55 Exponential Moving Average. The arrow also represents a rejection of the downside at the apex of the triangle which is bullish. 

The indicators are both turning bullish. The MACD looks to be turning to the upside as the histogram is approaching the zero line and the signal lines look to be moving higher too. The Relative Strength Index is also above the mid-line and there is some space to move higher. 

Ripple XRP 0.20

Additional levels

XRP/USD

Overview
Today last price0.2044
Today Daily Change0.0004
Today Daily Change %0.20
Today daily open0.204
 
Trends
Daily SMA200.2005
Daily SMA500.2018
Daily SMA1000.1958
Daily SMA2000.2146
 
Levels
Previous Daily High0.2047
Previous Daily Low0.2008
Previous Weekly High0.2031
Previous Weekly Low0.1855
Previous Monthly High0.2268
Previous Monthly Low0.178
Daily Fibonacci 38.2%0.2032
Daily Fibonacci 61.8%0.2023
Daily Pivot Point S10.2017
Daily Pivot Point S20.1993
Daily Pivot Point S30.1977
Daily Pivot Point R10.2056
Daily Pivot Point R20.2071
Daily Pivot Point R30.2095

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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