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Ripple's XRP Technical Analysis: XRP/USD big barrier at $0.3500

  • Ripple's XRP price on Thursday is trading in very minor positive territory up some 0.50%.
  • XRP/USD bulls are capped to the upside by resistance seen at $0.3500. 
  • Looking further to the north, chunky supply can be observed heading into the $0.4000. 
Ripple's XRP Technical Analysis: XRP/USD big barrier at $0.3500
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  0.3389

Relative change:      +0.50%

High:                         0.3491

Low:                          0.3213

XRP/USD

Overview
Today last price0.3403
Today Daily Change0.0034
Today Daily Change %1.01
Today daily open0.3369
 
Trends
Daily SMA200.3358
Daily SMA500.3225
Daily SMA1000.3199
Daily SMA2000.371
Levels
Previous Daily High0.3427
Previous Daily Low0.3214
Previous Weekly High0.3715
Previous Weekly Low0.3178
Previous Monthly High0.3276
Previous Monthly Low0.287
Daily Fibonacci 38.2%0.3346
Daily Fibonacci 61.8%0.3295
Daily Pivot Point S10.3246
Daily Pivot Point S20.3123
Daily Pivot Point S30.3032
Daily Pivot Point R10.3459
Daily Pivot Point R20.355
Daily Pivot Point R30.3673

XRP/USD 60-minute chart

Price action via the 60-minute formed somewhat of a bearish evening / shooting star, rejection at $0.3500. 

XRP/USD daily chart

  • A big barrier to the upside can be seen at $0.3500, a break here should open the door for a retest up towards the $0.4000 area. 

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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