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Ripple's XRP technical analysis: XRP/USD bearish flag structure subject to a potential breakout

  • Ripple's XRP price is trading up with minor losses of some -0.80% in the session on Thursday. 
  • XRP/USD price is moving within a bearish flag structure via the daily chart view. 
  • The price has recently produced a bottom area at $0.2450, as daily support. 
Ripple's XRP technical analysis: XRP/USD bearish flag structure subject to a potential breakout
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

Should the bears capitalize on the bearish flag structure, eyes will be on a return down to $0.2000. 

XRP/USD 60-minute chart

Price action is narrowing within a near-term triangular structure, support tracking at $0.2480, resistance noted at $0.2520. 

Spot rate:                 0.2463

Relative change:      -1.40%

High:                         0.2542

Low:                          0.2465

XRP/USD

Overview
Today last price0.2492
Today Daily Change-0.0044
Today Daily Change %-1.74
Today daily open0.2536
 
Trends
Daily SMA200.2639
Daily SMA500.2639
Daily SMA1000.3038
Daily SMA2000.3322
 
Levels
Previous Daily High0.2553
Previous Daily Low0.2452
Previous Weekly High0.2899
Previous Weekly Low0.2168
Previous Monthly High0.327
Previous Monthly Low0.2168
Daily Fibonacci 38.2%0.2515
Daily Fibonacci 61.8%0.2491
Daily Pivot Point S10.2474
Daily Pivot Point S20.2412
Daily Pivot Point S30.2372
Daily Pivot Point R10.2575
Daily Pivot Point R20.2615
Daily Pivot Point R30.2677

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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