Ken Chigbo
Independent Analyst
- Ripple's XRP is trading up on Friday by some 1.3%, in the second half of the session.
- XRP/USD price action has formed a bearish flag/wedge pattern across the 60-minute and daily time frame.
XRP/USD 15-minute chart
- Price action moving within and respecting a rising channel pattern formation.
Spot rate: 0.3208
Relative change: +1.30%
High: 0.3248
Low: 0.3145
Trend: Neutral/Bearish
Trends:
Daily SMA20: 0.3146
Daily SMA50: 0.315
Daily SMA100: 0.3364
Daily SMA200: 0.3775
Levels:
Previous Daily High: 0.3209
Previous Daily Low: 0.3101
Previous Weekly High: 0.3505
Previous Weekly Low: 0.2982
Previous Monthly High: 0.3505
Previous Monthly Low: 0.2879
Daily Fibonacci 38.2%: 0.3168
Daily Fibonacci 61.8%: 0.3142
Daily Pivot Point S1: 0.3111
Daily Pivot Point S2: 0.3052
Daily Pivot Point S3: 0.3003
Daily Pivot Point R1: 0.3219
Daily Pivot Point R2: 0.3268
Daily Pivot Point R3: 0.3326
XRP/USD 60-minute chart
- Rising wedge or somewhat of a bearish flag pattern formation can be observed via the 60-minute.
XRP/USD daily chart
- Price action via the daily remains somewhat subdued, trading within a rising wedge formation.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
XRP climbs above $0.54 as Ripple announces exchange partners for Ripple USD stablecoin
Ripple holds steady above key support at $0.54 on Tuesday as payment remittance firm Ripple makes announcements regarding exchange partners for its stablecoin RLUSD that is in the final stages of its launch.
Crypto Today: Bitcoin loses slightly, Ethereum and XRP dip as Ripple Swell event goes live on Tuesday
Bitcoin holds steady above $65,500 on Tuesday, erasing less than 1% to its value. Ethereum and XRP prices recede slightly on the day.
Solana Price Forecast: SOL risks 12% drop as bankrupt FTX exchange offloads holdings
Solana sees a volatile trade on Tuesday, with a whipsaw move in the early American session. After recovering initial daily losses and extending its recent upward move aiming to recapture the $160 level, SOL’s price sharply declined in the last hour.
Bitcoin Price Forecast: BTC breaks above $67,000
Bitcoin extends its gains on Tuesday, trading above $67,000 after a 5% rally on Monday, driven by robust demand reflected in over $555 million in inflows into US Bitcoin Spot Exchange Traded Funds, as well as a Tuesday report from crypto asset trading firm QCP that underscores growing optimism for BTC.
Bitcoin Weekly Forecast: Will BTC decline further?
Bitcoin’s (BTC) price fell over 6% at some point this week until Thursday, extending losses for a second consecutive week, as it faced rejection from a key resistance barrier.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.