Ripple's XRP technical analysis: XRP/USD bears force daily flag breakout


  • Ripple's XRP price is trading with the red by some 5.50% in the session on Friday. 
  • XRP/USD has breached an ascending channel/bearish flag via the daily.
  • The failure of the bulls attempting to break $0.3000 has invited selling pressure. 

 

XRP/USD weekly chart

XRP bears are pressing to end the five consecutive weeks of gains that the bulls had enjoyed. 

XRP/USD daily chart

Price action via the daily has breached a bearish flag structure, inviting further selling pressure. 

 

Spot rate:                  0.2742      

Relative change:      -5.55%

High:                         0.2908

Low:                          0.2755 

XRP/USD

Overview
Today last price 0.2725
Today Daily Change -0.0179
Today Daily Change % -6.16
Today daily open 0.2904
 
Trends
Daily SMA20 0.2942
Daily SMA50 0.2788
Daily SMA100 0.2783
Daily SMA200 0.3249
 
Levels
Previous Daily High 0.3149
Previous Daily Low 0.2749
Previous Weekly High 0.31
Previous Weekly Low 0.2854
Previous Monthly High 0.315
Previous Monthly Low 0.2425
Daily Fibonacci 38.2% 0.2902
Daily Fibonacci 61.8% 0.2996
Daily Pivot Point S1 0.2718
Daily Pivot Point S2 0.2533
Daily Pivot Point S3 0.2317
Daily Pivot Point R1 0.3119
Daily Pivot Point R2 0.3335
Daily Pivot Point R3 0.352

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin resumes the decline after a consolidation period

Bitcoin crashed below $8,700 and tested $8,550 during early Asian hours on Thursday. The coin moved outside the recent range and extended the downside into the end of the week. BTC/USD has lost 2% since the beginning of the day and 1% in recent 24 hours. 

More Bitcoin News

Altcoin segment: bullish war drums

Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.

More Cryptocurrencies News

ETH/USD hovers around $185.00, vulnerable to further losses

ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis. 

More Ethereum News

Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast

BTC

ETH

XRP