TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

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.

More from Ken Chigbo
Share:

Editor's Picks

Pepe Price Forecast: PEPE signals trend reversal amid a short squeeze

Pepe Price Forecast: PEPE signals trend reversal amid a short squeeze

Pepe price is up nearly 30% in the last 24 hours, outperforming most top cryptocurrencies and hinting at further upside potential. Derivatives data suggest a short squeeze of more than $2 million during the same period, forcing traders to buy back positions in the meme coin. The technical outlook for PEPE indicates an upside bias as bullish momentum strengthens.

Crypto Overview: Bitcoin tops $85,000 post-CLARITY Act failure – TAO and FET lead gains

Crypto Overview: Bitcoin tops $85,000 post-CLARITY Act failure – TAO and FET lead gains

Bitcoin price trades above $85,000 maintaining a constructive tone amid positive institutional inflows, Strategy’s first BTC purchase since August, and alternative regulatory expansions following the CLARITY Act's failure. AI tokens such as Bittensor (TAO) and FET have emerged as top performers over the last 24 hours.

Ripple and Stellar outlook: Momentum improves as bulls target further gains

Ripple and Stellar outlook: Momentum improves as bulls target further gains

Ripple (XRP) and Stellar (XLM) stabilize after extending their gains by nearly 9% at the start of the week. Improving momentum indicators support XRP and XLM bullish price action and hint at further rally. Meanwhile, traders should remain cautious as mixed derivatives data could limit upside as both tokens try to sustain their recent upswing.

Ethereum Price Forecast: ETH rallies above $2,700 as investors shrug off bearish sentiment

Ethereum Price Forecast: ETH rallies above $2,700 as investors shrug off bearish sentiment

Ethereum climbed above $2,700 on Monday after investors defended the realized price level despite negative sentiment over the Clarity Act's failure and the Federal Reserve rate hike. After the Clarity Act failed to advance in the Senate, ETH dipped below $2,400 last week. But right below that price is the top altcoin's realized price, or average on-chain cost basis, at $2,310.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.