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Ripple's XRP Technical Analysis: XRP/USD big trouble looms

  • XRP price in the second part of the day on Tuesday was trading within negative territory, down some 1.35%.
  • XRP/USD is forced to seek safety in a critical area of demand, $0.29-0.28 range. 
  • The psychological $0.3000 mark is a serious danger of being completely out of reach. 
Ripple's XRP Technical Analysis: XRP/USD big trouble looms
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 0.2982

Relative change:      -1.35%

High:                        0.3032

Low:                         0.2869

Trend:                       Neutral 

XRP/USD

Overview
Today last price0.2983
Today Daily Change-0.0043
Today Daily Change %-1.42
Today daily open0.3026
 
Trends
Daily SMA200.3143
Daily SMA500.3128
Daily SMA1000.3266
Daily SMA2000.3765
 
Levels
Previous Daily High0.3088
Previous Daily Low0.3005
Previous Weekly High0.3232
Previous Weekly Low0.3048
Previous Monthly High0.4607
Previous Monthly Low0.2816
Daily Fibonacci 38.2%0.3037
Daily Fibonacci 61.8%0.3056
Daily Pivot Point S10.2992
Daily Pivot Point S20.2957
Daily Pivot Point S30.291
Daily Pivot Point R10.3074
Daily Pivot Point R20.3122
Daily Pivot Point R30.3156

XRP/USD 60-minute chart

  • Price quickly reversed after firmly breached $0.3000 area, big buyers quickly coming into defence, pin bar candlestick formed. 

XRP/USD daily chart

  • The bears are in control holding small losses for now, however on the brink of drawing much blood. 

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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