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.

Rajan Dhall, MSTA FX 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.

Additional levels

XRP/USD

Overview
Today last price	0.2044
Today Daily Change	0.0004
Today Daily Change %	0.20
Today daily open	0.204

Trends
Daily SMA20	0.2005
Daily SMA50	0.2018
Daily SMA100	0.1958
Daily SMA200	0.2146

Levels
Previous Daily High	0.2047
Previous Daily Low	0.2008
Previous Weekly High	0.2031
Previous Weekly Low	0.1855
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.2032
Daily Fibonacci 61.8%	0.2023
Daily Pivot Point S1	0.2017
Daily Pivot Point S2	0.1993
Daily Pivot Point S3	0.1977
Daily Pivot Point R1	0.2056
Daily Pivot Point R2	0.2071
Daily Pivot Point R3	0.2095

Author

Rajan Dhall, MSTA

FX Daily

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

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